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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (664)	2/15/1998 11:02:00 PM
From: Ken W	Read Replies (1) of 29382

Sergio, USBG Yes sir. Small, general contractor City of New York. Contracts are nearly all Municipal. Co. is (last I checked) 65% insider owned. One part of the co., owned by a brother of the major share holder buys the steel, sells it to the co. who then provides it to the sub-contractor. City of New York pays USBG who distributes the proceeds to the sub. The stock rolls between just under a dollar to as high as 1.75. Looked like a breakout about 1 month ago. Dave H did a long TA on it for me, then it fell apart. IMO the stock is a good rolling trade within it's range by not an investment. Too many family members, paper shuffling and in New York City. Sorry all you New Yorkers, just can't get over the stereotype. Ken W

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