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Do any of these posters have a real interest in this stock? I never saw many meaningless posts.
This is how stock is "flushed out".
The weak hands always sell on downdrafts; that's why the vast majority of people lose money.
This current bout of skepticism and pessimism will help flush out some of those on the edge and make this a much stronger stock going forward.
I suspect we will look back at this as a great opportunity.
I believe the trading yesterday represented a lot of buying offset by a large naked short position that wouldn't let the stock go up at the end of the quarter. They were protecting their position as they get paid based on quarterly performance. If I'm correct, the selling will be gone on Monday. BTW, this gives SLMU more fodder on the upside.
The writing on the wall is so very clear.
Trucker,
I think YOU have the right idea!!
All market makers by definition are thieves trying to make as much money as possible on each trade. If they could screw you, they always will. They don't care about making an orderly market; the only thing that prevents them from stealing even more is competition from another order.
Martin,
This stock has been under an accumulation for several weeks; cleaning up all sellers. The selling has dried up and buyers are getting encouraged by the recent news. Perfect combination for a higher stock price which you began to see today. Now we need more news!!
Uypisalp,
I think you hit the proverbial nail on the head!!!
Martin,
If you are correct; and of course I hope you are. this stock will trade much higher than 40 cents IMO.
Our friends who are trying to scalp a couple of pennies are obviously "investing" with scarred monies and are missing the big picture here.
I actually like it when there are people hoping for a pullback to buy shares. There is clearly some smart buying going on.
Celtic,
Welcome home!! I knew you'd come back.
Celtic,
I'm impressed with your switch in sentiment of USPR.
Condolences on a very tough loss for your team. Rondo was exceptional!
I do see it all falling into place.
Engineers hired; payment deadline extended; I'm guessing lawsuit settlement very soon.
You're entitled to your opinion; I think the writing is on the wall.
Extremely Bullish News!!
The next piece of the puzzle to happen would be the settlement of the lawsuit.
All falling into place!!
Celtic,
Why would YOU sell on this news? You were so worried that they wouldn't negotiate an extension. I would have thought you would have sold in fear of not getting the extension. Now you say sell the news? Really???
very funny!!!!
Celtic,
I've never bet a ballgame; it would ruin my enjoyment.
Celtic,
Good luck to your team tonight!!
Celtic,
I know you're a shareholder and trying to temper everyone's optimism. Thank you for that; we all need someone to keep us grounded. Keep the faith!! Have a great weekend!!
Martin,
Have a safe and fun weekend!!
AMEN!!!
Celtic,
You "read"; where on another message board and that's what you repeat? If you read it in a SEC filing, then it's believable, however you shouldn't repeat total misstatements of fact. PLEASE do real DD before telling us what you "read".
Martin,
I believe you are definitely on the same track I am. Mr. Celtic is tainted by a prior bad investment in another company. Time will tell (not too long either), but I'm very confident.
Celtic,
I think you are being very narrow minded and not looking at the big picture. Your view is that of a day trader, and I understand that. However, the risk/reward ratio here is absurd, and to boot, the probability IMO of getting a deal done is extremely high. If you want to look at the monies due (which I think will be renegotiated) you are missing the opportunity to buy shares that are already reflecting uncertainty. If you want to buy after all the negatives are resolved then wait. To me, the time to buy is now, while it's reflecting everything you've outlined. My point is everyone already knows what you do; you're not in front of the curve.
Vator,
You are absolutely correct!! There is nothing owed until $10M financing. I believe Celitic is great at looking at the tape, however he's missing the big picture and will wake up on day and this nuisance lawsuit will either be tossed or settled and our shares will be WAY up. This will (IMO) then be followed by a deal.
Scared money is selling; smart money is buying PRIOR to the lawsuit becoming a non-issue.
Martin,
My prediction: This lawsuit will be over VERY quickly. AND, you will have to pay much more for shares when it is.
Celtic,
My game prediction was meant to show how silly those "price" predictions really are.
I'm glad the Celtics won!!!
Have a great night!!
Celtic,
Please stop trying to be the technical guru. It is totally meaningless. What matters is getting the property properly funded through a JV.
Try to buy it (if you care) as cheap as you could, but please don't bore us with your tape readings; everyone sees the exact same thing.
If you have any REAL input please post it.
Best of luck to your Celtics tonight!! (My tape reading; game will be decided by less than 10 points). Almost as valuable as your predictions :)
Celtics,
Are you grouchy today because the Celtics lost by 1 point last night?
Based on your viewpoint, I would hope that you followed your own thoughts and sold today and moved on. You could invest someplace else and revisit in your timeframe of 6-12 months.
Martin and I will be happy to see our investment to fruition.
My guess is that in six months YOU will be paying dollars/share for USPR and we might be selling to YOU.
Celtic,
FYI, only 25% of the $1.6 mil is due on the 24th of May. Wouldn't you think if the lawyers know a deal is getting done they would be happy to extend the due date?
Martin,
You and I both "get it". We could not have had a more positive 8K.
Shareholders have waited a long time, however it is now clear that the monetization of this property will begin to happen very soon.
Martin,
You are 100% right on several counts. Gildea is still Chairman of the Board. It never made sense that the COO was in Ireland in the first place.
These two new people brought on board are real operations people. Questions to ponder:
1. Would the company commit to these operations people if they didn't expect to close the financing very soon?
2. Would these very experienced and talented people take the position is they weren't convinced by the BOD that funding would be completed very soon?
3. Why make this announcement now?
I'll answer the last question: My guess is that the group putting the money on the table wanted to be sure the operations people had been hired. I'm sure it was a pre-condition to getting the deal done. I wouldn't even be surprised if Mr. Moon personally met these new hires and approved of them.
This is the MOST positive announcement you could have had prior to funding. The writing is so clear!!
Anyone who can't see it, should sell their holdings immediately.
Who cares? There are no perfect technicians period. IMO they are as good as soothsayers. They are right until they are wrong.
That's what the tea leaves say, or is it technical analysis, or perhaps a gut feeling? Perhaps is a hope so you could buy some more on the cheap.
Last print was actually 1000 shares; yes very funny to see such a wide spread. Interesting also that the seller cancelled his order. I wonder if someone was desperate to sell at EOM.
Celtic,
Why won't it break .15? Because you say so, or because there's 115,000m shares there for sale. I'm guessing buyers take the 115,000 shares TOMORROW and make CHU CHU happy.
Celtic,
Don't take too many bows: First you gave us a 100% range (.075-.15), and second the low since your crystal ball has been .102, nowhere near your .075 low range. I would have been more impressed had you said "we have already seen the low". You can't predict a trading range for this stock!
What was interesting today was that the selling pressure disappeared; perhaps jackg and his lawsuit already have scared all the weak holders out.
IMO, Celtic is reading this VERY wrong. The fact that only one of eight filed the lawsuit is very positive for USPR. My guess is they have a much better relationship with the remaining seven. Unfortunately shareholders allow the stock price to dictate their mood and not the actual facts. I am guessing this lawsuit is resolved quickly.
IMO; anyone who bought stock today made a VERY smart decision. I don't think shares stay at this price very long as I expect this issue to resolve quickly.
Rumor is: Potential lawsuit has been dropped.