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why is it worth $0.50? I'm reading the recent filing right now. Please don't be presumptuous like the other posts that replied to me; I am not trying to avoid doing my own DD, I am just looking for information from those who have been following the stock. I thought that is what a discussion board is for?
ooo, nice, but I was already there at the website and it didn't tell me much. I'm looking for a list of contracts with other companies, which would provide evidence that China Jiangsu has an existing client base. My inquiry about whether there is an actual market for steel balls is thus legitimate.
any idea when the filing is due? I have been looking around but this is such a small company there is not much data on it at least on google finance.
thanks for the reply. I will reply as follows: I am in this based solely on momentum-reasoning and also on reading the chart as showing substantially increased volume activity. I am taking a BET on this as a trader and I am fully willing to take a loss if this was a bad decision or a gain if it was a good decision. I tend not to use iHub boards very often by virtue of the fact that most posts are not informative at all. But I will read your post and see if it can answer my very straightforward question about whether or not this stock actually has potential to gain here.
on what basis/reasoning/argument do you base your $0.21 price target? what is your blog so that I may read it? a link would help, thaaaanks
what earnings reports? is there an earnings report due? do you have a date? I haven't found any thing on my end, but TIA if you can let me know
wait, is there an actual market for 'steel balls'? I just bought in 100K worth of CJGH this morning and now I'm doubting my decision. Any one have thoughts out there about this stock? Does it at least have 'potential'? If not, then I must spend the rest of the afternoon asking myself 'what was I thinking?'. Let me know, TIA
oh yeah, scratch that, I plan to buy $2K worth AFTER the Sept. 2nd vote because if I buy before, I will leave myself exposed to a loss potential if traders/investors/the market reacts negatively towards a confirmed A/S increase to 1.5 billion. People have already misjudged this A/S increase and WHEN it goes through, this will only CONFIRM their suspicions and cause a further downturn. However, if the A/S increase IS authorized AND the company management expresses no near plans to increase O/S, then UVSE will in fact make its run. It is only AFTER hearing this news that I will buy. I seriously recommend that my other friends here on the UVSE board consider this strategy. There is no use holding your funds in if this thing will trade sideways. There are other fish in the sea! I profited nicely from GLCC and I also currently have a $3K position in JRJC, which beat earnings estimates by a factor of 2. I'm not promoting these stocks nor am I trying to bash UVSE. I am just saying that each of us needs to consider our options and strategize appropriately.
0.015 looks like it's the confirmed re-established support here. Volume getting weaker which is a good sign that this is the time to buy. Buy when everyone is scared, doubtful and uncertain about the company. I sold my entire UVSE position and bought GLCC this week, but I was hasty and sold my GLCC position at 0.01 so I did not capitalize on GLCC's monstrous run to 0.017! Oh well, it was the best decision I've made so far and I'd be better off IF I had traded out of UVSE in the past to buy other stocks that were tanking such as FNM and FRE. Oh well, all of this is said in hindsight but we can still learn from it and I have certainly learned not to hold onto a stock based purely on 'belief' and 'hope.' Your hope, our hope and my hope in UVSE means nothing if there are no facts or evidence to back up our case. It can swing either way from here and the potential downside is a return to 0.010 or lower. Of course, the potential upside is also highly rewarding. So after staying on the sidelines this week I am ready to observe a new support level here at 0.015 and I will dip my foot back into about $2K worth of UVSE shares tomorrow in anticipation of the Sept. 2 meeting results. I burned MYSELF three times already by holding onto this stock and desperately expecting a +100% to +200% return. I will be more cautious this time!
hope you fellas are ready to price in the next threat to UVSE: Hurricane GUSTAV! Last time I checked, our beloved Univ. Energy Corp. had a few wells near the Louisiana coast?
who's tired of hearing conspiracy theories and complaints about manipulation, raise his hand. *raises hand* meeeeee, I am! I am! Alright, we get it, UVSE is getting manip'ed, either do something about it or get out of the stock. It has been pointed out ad naseum already. I won't be back for a while, so if you need me, I'll be on the toilet and as long as UVSE trades horizontally, we need to either deal with it or find a different stocky stock to play around with. I'm staying in "long and strong" but I'm not going to be a fool and hold onto this. The best thing to do is to trade in and out of it. I was a FOOL for holding out on August 19th when UVSE priced at 0.024 and I was a FOOL for partaking in the over-expectations that UVSE would price into 0.04 or 0.05 territory. This is the third time that we've been through a drop so those who can handle it are welcome to ride it out and those who can't should honestly seek another stock. Just my two cents, which isn't even what UVSE is worth by the way! har har har
I trade, therefore I am.
UVSE getting jiggy, making an acquaintance with $0.016. It's been a while, but UVSE and $0.016 were once good friends. Let us watch as they reunite. Reunited and it feeeeeeellsss so goood.. okay this is my last free post and I'm maxed out of absurd comments for today.
I trade, therefore I am.
the Majority consensus on this board votes "manipulation" as the causal root of UVSE's descent from 0.024 and thus our community woes. I believe it is the work of the Leprechaun Coalition. What say you, fine sir?
nice and slow, just the way benny likes it.. not really actually, I want gains NOW! Today! HERE AND NOOOOW!
I trade, therefore I am.
oh snippity snap, we're at a Bid of 0.0155 now!
oh wow, look at all that juicy, juicy thick and tasty volume from last week. *sigh* why didn't I sell at $0.020. Oh why, Great Zeus, WHY AREN'T I SMART ENOUGH TO EXIT WHEN APPROPRIATE?!
one word communicates my plight: aaaaaahhharrggggg
yes, quite a 'mitty' situation indeed and I see the dilemma involved. it appears the 'whoever,' or 'whatever forces at hand' be it MM or some-guy-in-Missouri-with-a-lot-of-money-and-who-happens-to-enjoy-flipping-UVSE, have constructed a win-win situation for themselves. UVSE gets diluted, shares go down, they ride it down. UVSE does not get diluted, shares go up, but they hold millions of shares so they sell it, bringing it down. Wait, so why are any of us still holding this position then?? I'm getting scared. And when I get scared, I sell out faster than a boy band.
whhhhhaatt?? UVSE up +0.0001?? *rubs eyes*
yep, and that means the more people who buy at 0.015 and above, the more it makes this 0.015 pricing the support floor from which UVSE can bounce. I highly doubt all these millions of shares being bought at 0.015 are bought with the intention of selling at 0.015 for a break even or lower for a loss. So there's some GRADUAL accumulation going on here, much like the surreptitious GRADUAL accumulation that occurred when UVSE was pricing at 0.0105. There really is NO cause for concern here, everything is playing out as it should. The earnings release was 'decent' and not as outstandingly ridiculously insanely spectacular as it could have been and that's the response I gather from reading other message board posts. But the earnings release does show that this company is making money, and those buying in now are buying in DESPITE the fact that UVSE might get diluted. We're at a good position here to price at 0.03 next week based on this reasoning and on these observations. Count me IN for our collective carpool ride to Profit City. Who's bringing the trailmix?
as long as we're not down, then we're not out. If UVSE were to tank all the way to 0.01, then I'd need to be changing my pants and buying a new office chair. But if it continues to hold 0.015, that's good enough for me. I think if it holds this level further it only means that we're experiencing a HIGHER support floor at 0.015, which is good since the support floor was previously 0.0105 a few weeks back. No sweat here fellahs, just keep your chins up and your account ready with funds to buy more UVSE before the Sept. 2 action. Just my two cents, IMHO, JMO, etc. etc.
I trade, therefore I am.
mikeyk, I appreciate your efforts so don't let anyone one or two naysayers trouble you. If you think reporting this to the SEC will help it's a move that's better than doing nothing. As for me, I shall continue to cry into my sleeve.
I trade, therefore I am.
hey where do you get that data, it's pretty useful. TD Ameritrade doesn't provide JACK!
Strong Buying pressure this morning though on weak volume.
nooooo, keyyyy, we're just getting warmed up floating here at 0.015, the next (and higher) support! where are you going man? where?? haha, I actually sold off 200,000 this morning so I'm a little jaded with UVSE as well..
nice, thanks, I'm willing to call a reversal point here but that's just my view.
Sunrise Surfer, you have the Buy/Sell numbers?
hm, that was just one order or something, the bid is back down. we need more buying pressure here, there's just a bunch of intermittent orders coming in but perhaps that will make people a little more confident in buying UVSE. I think the most factual thing we can observe is that selling pressure is lessening today and this should close green due to this reduction.
one optimistic and factual sign is that UVSE is now establishing and re-establishing a new support floor at 0.015 over the course of three days as opposed to its previous support floor of 0.0105 following July 28th. This is the only sign that I think is justified rather than the other excessively-optimistic claims being made by others out there.
And no DD2win I don't live that kind of "college" lifestyle of coke and hookers and fun, I was actually being satirical and sarcastic when I mentioned those aspects of what one would do if one had a ridiculous amount of money at my age. I just think referring to prostitutes is funny =)
a good way to look at it Rik, I'm glad you're able to hang in for a longer investment because I'd hate to hear you or anyone else lose money in this one prematurely. Personally I've thought about getting out TWICE when UVSE was pricing at 0.015 yesterday and also this morning, but some 'feeling' or calculation or thought in my brain just said 'wait.'
agreed, there is no use attributing blame to MMs, the company managers or anyone else, but I think everyone is just scrabbling to make sense of what happened; people just want reasons. The same is happening on the Google Finance board. As for me, I just express myself sometimes in a humorous or contemplative manner, but if this board were meant for ONLY serious talk, then they should make it 100% paid only and ban the jokers like me. But until they do that, we will be here, and there's no use getting annoyed by anyone's single post. I got annoyed by DD2win a while back but now we're buddies again. And yes, my expectations for UVSE were way too high, and these high expectations remained high slightly due to my reading and joining in on the overly-optimistic posts here on this board. I shall not make the same mistake again. We all have our own different and individual time-tables for when we want to enter or exit, short or long a stock, so let's not squabble and instead just present the facts and reasons.
are you buying, or have you bought? tomorrow is another day, and it shall be a day to watch.
Christmas in August thanks to Santa NITE, I'd be loading up too if I had any chips to play with. I'm sitting these red days out, been stressing about it too much but good thing I'm still young so no heart attack risk just yet..
nice man, if you can afford to hold until the Q3, then this truly is an opportunity.
lawlll I only have $1.56 and I'm addicted to trading so these few days of seeing UVSE do nothing but decline drives me closer to a suicidal rampage down wall street; I NEED my money to tradeee, gotta get out of this soon if things don't pick up by tomorrow and I mean it.
my 500,000 shares have been set to sell at a pretty high ask of $0.03 and above so I don't know who in Great Caesar's name is selling this stock off; look at the volume, another 10 million traded today and yet we're still down and out and I've got bills to pay.
true, first resistance point was clearly 0.020, and those of us who were overly-enthusiastic (myself included) were so blinded by our own high expectations that we kept thinking UVSE would break beyond 0.020 easily. It did not, and its failure to break and hold 0.020 beyond Tuesday morning was a clear sign for the TRADERS among us to get out and buy back in at a lower price. I blew it yesterday and I do not deserve to call myself a trader. I am a dump piece of trash on the floor waiting to get picked up by someone who received a D.U.I. and needs to complete his community service hours.
...I don't think enough people are that idiotic to confuse the two. Granted, yes, there will be one or two stupid people, but not enough to drive a -20% decline over 20,000,000 volume of shares traded. stop dreaming, the ride is over for now, perhaps there will be an uptick tomorrow, perhaps we'll see a lower pricing, who knows, but I'm done making one-sided claims even if I was using reason. Today I learn that even if all the right reasons line up, I can still be wrong. I'm selling soon just to let you know, not that my tiny position matters much given this recent volume.
it was just a good lesson to myself and others not to be so overly optimistic about a stock because anything can happen.
so much for ALL of our optimistic perspectives on this stock and so much for that wishful thinking, the DD, everything, and for what?
yep, where the hell is Rikkitik he said he'd be buying at these levels. as for me I'm all tapped out.