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Microcap & Penny Stocks : Universal Medical Sytems (UMSI) -- Ignore unavailable to you. Want to Upgrade?


To: ARCHIE P. who wrote (1046)1/25/1998 12:38:00 AM
From: ozzi  Read Replies (1) | Respond to of 1672
 
Archie, its like Gene stated earlier, Its all boils down to discipline. In MHO you don't invest in BB stocks you trade them. They are so damn vilotile, that when and only when they are at dead bottom, (positioned to move up), or else on a definite move upward on news or rumors do you jump on. When the momentum slows, its a matter of who can get out the fastest. Much easier said then done, however. Last week with UMSI was a prime example of how the pro's tag on for the ride and then dump them when it starts to run of steam.
What buffalo's me is that they haven't filed for chapter 11, to get the landlord and creditors off their backs. This would buy them some time. Who knows maybe thats what their up to. If I'm not mistaken once they file, doesn't the trading come to a halt?
Anyone buying more when it goes back to 4 cents?

Goodluck,
Gary