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Gold/Mining/Energy : UNIQUE BROADBAND SYSTEMS (UBS:VSE)
UBS 38.25-1.7%Nov 17 4:00 PM EST

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To: Doug who wrote (61)12/21/1998 11:23:00 PM
From: R.A.K.  Read Replies (1) of 682
 
Doug,

My guess is with all accumulation that's been taking place over the last month (mainly buy 1-Bolder and 15-Bunting) and the crosses that 35-Canaccord have been doing to themselves for tax loss reasons...I would expect a move sometime early in the new year. As for how much of a move upwards that depends on the News the company puts out and how much of a push the promoters give it. The key is to watch the trading by Canaccord or at least that has been the trick in the past. It looks like UBS has some support at the .19-.20 level and once tax loss selling pressure is finished we should see a clean-up back to the .25-26 level by next week-MHO. I'm still waiting for the Microcell(FIDO) News that was promised sometime around now but, my gut tells me that they're going hold off until the new year to spark things up again.

Regards,

RAK

P.S. The risk - reward ratio is a pretty good bet at these levels.
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