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Microcap & Penny Stocks : USTI UNITED SYSTEMS TECH INC
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To: Jack Russell who wrote (926)10/21/1999 2:00:00 AM
From: Loren S.  Read Replies (2) of 1001
 
Those of us who bought this stock before the groups got in paid between $.06 and $.09 for the most part. When the groups first released the pick, the stock was trading in the $.15 range. The stock made an initial run to $.29 and then selling came in. For the next day or two the stock was pushed, but couldn't go above $.25. Then we saw the drift down to $.12 before the latest pick by Analyst Group. I think initially on the first run the stock may have been held back by profit taking from those longs holding from pennies. Today I think the profit taking came from group members themselves taking advantage of the most recent pick.

The reason I was pointing out that the stock was stuck is that stocks in the past that have been pushed by the groups like NVXE ran from pennies to well over a dollar before drifting down to what is now the $.60s range. That stock had some news to give some push to the push made by the groups. USTI hasn't had news to give the stock that added lift. Still I was somewhat surprised that the stock couldn't get past the $.20s from what I've seen of the power of the group picks. Maybe folks are finally catching on to these games. That is he who buys high and late gets killed.

My view on USTI is that this is a real solid company with a bright future. What is the fair value of the stock? That is up to the financial folks to figure out. But of course penny stocks aren't always priced according to fair value anyway.
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