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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (7461)4/24/2005 3:19:34 PM
From: Ken W  Read Replies (1) of 23958
 
Sergio

4x Friday's closing price on UPFT would be inline with the forward estimated PE of 5....bringing it back to the present 20 PE by the end of next year would indeed place the stock at nearly $16.00. Not too shabby.

TA wise the stock has been on a short term downtrend since it hit in the 6's. Insiders have taken some profit on their options, mostly in March, at 5.30ish...nothing of concern as far as I can see as they own the majority of the shares. The weekly chart still shows the potential of a continued uptrend with likely support at about 3.50 to 3.60. Presently, I'm working a short term trade on DFIB and expect to be out of it this next week..if timed correctly I can move some money over to UPFT for a longer term hold...4x the money in a year looks very attractive to me. LOL

Ken
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