Universal Medical Sytems (UMSI) Message Board

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Microcap & Penny Stocks : Universal Medical Sytems (UMSI)

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To: Skaar who wrote (325)	11/7/1997 5:00:00 PM
From: HG	Read Replies (1) of 1672

Skaar, Who knows. It would appear that there was reasonable selloff today. Considering that the low was .23 and the day finished with a bid of .25 and an ask of .27.There were 8 large block trades today which made up a large portion of the trade figure. I would imagine they were sells, but I really don't know. We are all anticpating a good financial report. But who knows? My opinion is that anyone selling at this juncture has a very good reason. Tax writeoff for 97?. Tired of waiting and want to put their money somewhere else? Who knows? Maybe they didn't like the financial package. But it is 1000% better than the last one? Maybe the upcoming report isn't as glowing as everyone expects. Who knows? The idea that there is a huge short factor in this stock is, in my opinion, ludicrous. Why would anyone short this stock? What would be the purpose? I believe that now is another buying opportunity. But we have had so many of those haven't we? My main concern remains the number of shares outstanding. Does anyone really know? That then begs the question of a reverse split to boost the share price. In my opinion, that would spell disaster, but it would boost the share price. I believe that this company needs to tell its' shareholders exactly what its' revised game plan is, and the direction the company intends to take in the next twelve months. It is time to stop trying to do it with mirrors and be brutally honest with us.Will they do that , they'd better!! Frankly, and this may sound crazy but I'm thinking about adding more on Monday. I also may wait until after the report. This company can be a winner, but they'd better be more astute financially. Have a great weekend. HG

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