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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (42420)4/16/1999 3:00:00 PM
From: ItsAllCyclical  Read Replies (1) of 95453
 
UFAB - I don't think there is a big fear. It simply broke below it's 50 dma and retested support. I think someone wanted to unload some shares too. The selling appears to be over and it'll quickly shoot back to 8 1/2 soon. The only downside to UFAB is the estimates are too high (even by the company's admission). There are only 2 firms covering the stock. UFAB feels comfortable with 1.50 next year but one firm has 2+. I think the analyst is simply slow in revising his numbers. I'd rather see estimates lowered and then met or exceeded by UFAB. We'll see.

As for your price target it's hard due to overall market being overvalued, but at the least it'll retest 12 within 90 days imho.
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