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Microcap & Penny Stocks : USTI UNITED SYSTEMS TECH INC -- Ignore unavailable to you. Want to Upgrade?

To: christopher who wrote (882)	10/8/1999 5:38:00 AM
From: Hubert Few	Read Replies (1) \| Respond to of 1001

Well, I am certainly no expert (I didn't even sleep in a Holiday Inn last night!) but.....on the issue of "calling in certificates" vs. "GTC Sell orders", here is my take FWIW. Holding the certificates will not prevent a naked short.....per my understanding this is the practice of shorting shares you don't even have in your "inventory". It is also my understanding that practice is illegal. Holding one's certificates should prevent a "legitimate" short from taking place. However, it is also my understanding that ONLY a small percentage of "offshore" brokerages will accept these types of transactions on OTCBB stocks. The one I hear most often mentioned is Canada, and I believe this practice is prevelant in the myriad of oil and precious metals stocks traded on the Canadian boards as well. Setting a GTC sell order for an exagerrated high price only makes it HARDER for the market makers to determine where the real supply and demand is. If I set my GTC order to sell at 25 cents, and the MM's can see a ton of orders just like mine, it would stand to reason that I have given them valuable insight as to how to "play" the stock to their advantage. My goal should be to leave them blind-folded, and content only to take what is rightfully theirs! (i.e., the "spread") So I guess the "optimistic" GTC Sell orders have merit.....if nothing else it was interesting to see the amount of money I would be getting as a return! Wow! That is to say perfectly content let sit them anyway. I am not above taking advantage of dips to increase my stake. If a company like Ebay is worth $200/share, and God intended for logic to play a part in the universe, then logically USTI is EASILY worth $25/share! After the fact I suppose I can share something on my "strategy"....I took some shares off the table at 23.5 cents. I used the profits and a little to boot to get those back (and more) at 18 cents yesterday. So, really all I have done is raise the stakes a bit....putting my money where my mouth is. As I demonstrated on the RB board, I have QUITE a large mouth! I only wish I were in the 6-digit club, but hey, I wish for all sorts of things. We have been saying all along the stock is undervalued. It would be dishonest to not buy in at what was STILL a great buy. I am willing to take the risk. No Free ride folks, if you believe in the potential, bank on it. If you don't believe in the company, STAY THE HELL OUT! The above SHOULD be true of any stock investment. If people would not buy stock without decent Due Diligence first, a lot of problems would be solved. I truly believe that a large percentage of negative posts on the boards are from people who get stupid and lose money needlessly. They are like the "Un-Dead", they won't get over it, learn, and move on. I can foresee a whole new generation of these pests from the last few days trading in USTI.....that's a shame, because all indications are it is a FABULOUS turnaround story in the making! See You at the Top!