Hans, you asked for my feeling on USTI rumors [from thread]. Well, whether it be IBM, DuPont or United Systems Technologies . . . rumors are rumors. There is always a downside with ANY stock and with a stock with rumors, there is obviously a greater risk. This should go without saying, but there are still some that need it reiterated.
Regarding the newsletters that are perpetuating the rumors, USTI is the sort of stock they live for...I really have no feeling one way or the other about whether this or that rumor is true. I am looking at this one in the following way:
1. Still a great 10 year old company
2. Company is profitable, yet cost is still way under a quarter.
3. Company has released a load of Y2K compliant software for utilities, governments, police, courts and about every facet of city government.
4. Stock moves like float is smaller than it is, indicating strong hands.
5. Company website is informative and designed strictly for customers. No reference to investors anywhere on site...I like that.
6. Rumors of buyout at 1.25 by maybe Unisys, who is a Y2K company with enormous customer base...[currently in a debt restructure, so unable to buy any large companies...USTI is dirt cheap to this multi-billion dollar company]
7. Price obviously driven down and past few days has made some terrific gains.
8. Technicals showing great potential.
9. Big buying just before close [up 71 pct today].
10. Volume past one week has been strong and momentum building.
Now, I am not a rocket scientist, nor do I play one on TV...but it should not take one to figure out that this is a bargain with an explosive upside, along with a 10 year history [which limits the downside risks].
Now, of course never buy a stock that has already gone up 300 percent. That is never good advice. But at the same time, any penny stock is risky and should be considered a gamble.
There, that should about cover it. Hope this helps.
Rande Is |
