USAT Long Distance Telecommunications Message Board

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Technology Stocks : USAT Long Distance Telecommunications

USAT 10.56

0.0%

Nov 4 4:00 PM EST

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To: Sam W. Matthews who wrote (332)	2/13/1999 11:42:00 PM
From: jim0z0	Read Replies (2) of 397

DON'T BE FOOLED! Anyone who watched the last hundred trades of USAT on Friday saw that only the last trade went at $1. EVERY OTHER TRADE went at between $5 and $6.25. An amazing act of market manipulation - to slip the last trade in at $1 to scare shareholders who were working or busy and came home later and saw on some indexes that the stock closed at $1. Schwab and several other major sources showed it closing at $5.75 approx. I saw it on the screen - two trades at 4:00:49 pm EST - one for 5.75 approx. and one for $1 - and the $1 trade came before the $5.75. On my screen of Time and Price, the $5.75 was the last price - AND YET THE $1 PRICE WAS REPORTED as the last. STAY TUNED - THERE ARE INTERESTING FORCES AT WORK HERE FOLKS. An investment guy I know in Washington DC at one of the major banks said that somebody pulled an unusual fast one. ALSO This company is building their national network - FTEL's press release on Wed. or so - it mentioned that two customers have paid them $900,000 in two new orders - I've been told that the "existing customer" who paid $600,000, was USAT. This is not the actions of a scam - to pay substantial amounts of money to build their national network TWO DAYS BEFORE TRADING RESUMED. HANG TOUGHT - IT WILL BE CLEAR BY NEXT FRIDAY OR BEFORE WHAT THE TRUTH IS. I'm just an average shareholder, but to come out on the first day back from a trading halt and trade over 1 million shares is a very good first day. Remember all the shorts and negativity around Iomega Corp. when it came out and made very strong moves. It was intense. We'll see if USAT is in the same league with Iomega - for the meantime, hang in there and reserve judgement. THE TRUTH WILL PROVE ITSELF.

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