Absolutely, UIS defies logic! Has been painful here for me as well. I am still holding because, like you Dlphc, I ask myself (whenever I'm in these situations), if I didn't already own this stock and I was looking for a sure thing to SHORT SELL, would this one be a good candidate? I'd be out of my mind to want to sell short UIS at this level, but yet * someone * still thinks they're doing better by selling it rather than holding it or buying it. Amazing! I don't understand that reasoning...
Unfortunately, I've had a few in the past that seem to defy logic in this sense. And everytime that I finally loose patience and clean house with my account, I end up taking a terrible loss - because the good ones do come back. For UIS, I've gone over and over their numbers and I can't see any logical reason for their continued decline, except to chalk it up to an overall bad tech market. What other possible excuse is there?
I am holding, and will continue to hold my shares because the current price is just too dang cheap to let some market specialist have it and make a killing off my nervous impulses. October is a tough storm to weather, but after the storm I don't want to find myself shipwrecked on shore.
Unless some other news is brought to light that was previously withheld, I am expecting that UIS will come back in the next few days. I've listened to the On24 audio interview with the CEO, Larry Weinbach express his surprise by the severity of the stock's decline. He sounds like a very sincere and straight shooting individual. I can't imagine that he is pulling off a scam here. In fact, there was another press release this morning:
Business Wire - October 19, 1999 08:00
BLUE BELL, Pa.--(BUSINESS WIRE)--Oct. 19, 1999--Unisys Corporation today announced that the Aquanta ES5085R eight-processor server achieved the fastest online transaction processing (OLTP) performance ever recorded for an Intel-based symmetric multiprocessing (SMP) server.
The test results demonstrate conclusively that Unisys is pushing Intel servers running Windows NT further into territory once dominated by UNIX/RISC technology, at a fraction of the price of comparable RISC servers.
[more...]
briefing.newsalert.com
Doesn't sound to me like a company whose stock would make a great short sell. In fact, investors ought to be getting the message that UIS at this price, is an incredible bargain.
These are just my opinions - please do your own research.
Regards,
KT |
