USAB, if you want my opinion,
and even if you don't,
was basically a one-day wonder.
Internet mania is far from over,
but it's waning.
The market will make these guys
prove they can do something.
Until they do,
the stock will trade in a range
of the high single digits
to low teens, with temporary pops
on news.
Best thing for the longs now
is short covering to hold it up.
I may be wrong, but if I'm right
it'll close today around 14
and drift lower from there.
It's hard to call a base,
but it's probably around 10.
A break above the recent high of 22
and you'll know for sure I'm wrong.
FWIW, this is not short hype,
shorting USAB would be foolish
with the low float,
except as a day trade.
Impristine, you're good, man,
this ain't easy. |
