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Microcap & Penny Stocks : USTI UNITED SYSTEMS TECH INC

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To: Mel Fox who wrote (967)3/11/2000 2:09:00 PM
From: orygun  Read Replies (2) of 1001
 
It's as in Oregon - not U of O. LOL
I'm just down the road from ya.
USTI did record volume yesterday and achieved a record all time high, closing at .50. This one was long overdue. They are a profitable penny, have been around for a long time and have no sex appeal. The only PR's you'll see are the quarterlies filed diligently.
This latest run is anticipation of the 4th quarter and Annual Reports filing due at the end of March. And then the 1st Qtr numbers are due 45 days after that. So we could get a slingshot effect, especially if the numbers are good.
There have been many pennies lately that are skyrocketing, and most have no substance at all. USTI does. This is a good short and long term play. There were rumors on the Raging Bull board that there has been a planned sale of 6M shares going on for the last week and half, and the price has just gone up and up in spite of this. I'm looking to double my position over the next few months, selling (hopefully) on the highs and buying on the dips.
My original target on this run to the end of the month was .50; I just revised it! LOL Now I hope we will see more than a dollar very soon, then some consolidation, then another run till March 30th. Monday will probably tell what will be. It should gap up .60 to .65 and then we'll see what the MM's do. They'll either let it run or knock it back hard.

Take care,
orygun
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