Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?

To: VeloSpeed who wrote (1701)	8/4/1999 12:20:00 PM
From: AJ Berger	Read Replies (1) \| Respond to of 2419

what impressed me enough to double my position today was the determination of many event traders to hold. usually when a site launchs, people get in and out, and even start shorting. but USAB shareholders are so focused on the possiblity to enjoying a market cap approaching Netbank or Telebank, that they are willing to weather holding this stock thru the traditionally week fall quarter before cashing in at higher prices. This does not mean many won't cash out after the lauch, just that the correction may not be a deep as most event trades are, and might help form a base for this stock to trade higher. I was also impressed how USAB respects shareholder dilution by borrowing that $10mil rather than issueing more shares into this uptic of a month, which is something other opportunistic event driven stocks would have done. I'm also comforted by the lack of insider sell filings, giving me the additional impression that insiders feel we have much further to go before they would consider trimming their positions. Since I stared buying under $12, I'm averaged at about $12.50 now. I hated the idea of paying more that $14 since that is where the stock peaked early July when the news of the August site launch first appeared. I can't tell you how discusted I was with this stock trading above $16 while I still had not loaded both barrels yet. The only thing that puzzles me about USAB is why they've already spent so much on advertising before the site was even up?! I mean, do you really think people who saw that CNBC commercial, and checked the site will really come back, or even know about, once the site launches? I expect USAB to change their commercials to reflect the site availability. Uhgg, already trading below $13. I wish these MMs would stop screwing with us on these low volume days.