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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Anthony@Pacific who wrote ()6/9/2000 12:28:00 AM
From: rupers  Read Replies (1) of 122088
 
A Really Stinky POS - UTOU

UTOU smells so crappy .. it should rival ECNC as a luxury short. Currently 7 5/8. Purportedly into fiber optic cable, yada yada yada. Began active trading at micro-penny stock level in April. Bought out by Paxton Mining (exploratory mining company) in mid-May of this year. On May 11th, Paxton had just over $ 15,000 in assets. Some innovative stock swapping, very recent 20:1 share dividend, and reverse splitting jacked up the micro-penny per share price to double digits. Many of the Raging Bull posters think the share price increase was due to investors buying the stock. Just after the sham merger, company decides to change fiscal year reporting from 30 Jun to 31 Dec with a transitional 10K for the reporting period through 30 Jun. Check out the recent 8K and 10QSB.

Obvious paid stock hypesters (see Raging Bull board for samples). Mass email notices hyping the stock with fake analyst buy rating (like a bug zapper light attracting moths). Flurry of hyped news to jack up the stock (price still slowly falling but still shortable). Don't know how much the recent concentrated hype will affect price, but put this one on your short list.

Merry Christmas
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