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


To: Aduke who wrote (909)10/12/1999 9:49:00 PM
From: Loren S.  Read Replies (1) | Respond to of 1001
 
I know for a fact that many devoted longs, including myself, took some profits during the recent run-up. Heck the stock traded for months on end in the $.06 to $.10 range. Then it runs to the $.20s due to a momo play. It seems pretty obvious to me that once all the traders are gone the stock will fall again. Maybe not below $.10, but it will fall when the short-termers leave. It doesn't make someone a trader to take profits on such an artificial run. Maybe now that hundreds of new investors have been exposed to the quality of the stock, it will now be an attractive investment and rise to what long-termers hope is a more reasonable valuation. That's my hope at least for the shares I held onto through the run.