USAB - USABancShares.com Message Board

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Non-Tech : USAB - USABancShares.com

USAB 75.00

0.0%

Dec 29 4:00 PM EST

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To: Jason Chesshir who wrote (65)	4/18/1999 1:45:00 AM
From: hoffy	Read Replies (1) of 2419

>>>Looks like a trap...pump and dump. With such a small float, only +2 1/2 on 588x avg volume. <<<< I guess TRAC was a pump and dump too. It did the same thing on Friday of their release, up 2-3 points on huge volume. Then Monday was the blow away day, up 14. USAB may be very similar. Usually when a stock takes off it has one giant volume day before it spikes. Many reasons, the biggest being is that the MM's hold the price down to cover their short position and they accumualte shares at the lower price. Then they let it run as they hold many shares making a killing. A few people mentioned that USAB might be 3 guys or might be a scam. I guess you don't do any research about the company's background, past earnings, SEC reports etc. DO some research and then I think you'll be ready to buy into this gold mine on Monday. This will go the way of NTBK. I hope those of you who are bashing USAB are already short. That'll help it rise all the faster. See you at 30 by Friday and maybe 50 within 2 weeks.

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