Ubiquitech Software Corp (UBQU)

[Smokey13]

Some GOOD NEWS ACCUMULATION DOWN ONLY 2.9 Million shares on 19+ million shares traded.

As I called/warned the company last week and Monday that if they don't issue the PR Today we would break support@.008 and the stock would tumble but of course they didn't listen to me..

Maybe because they think they are so smart or they don't care or maybe they want the convertible share holders to cash out now at a lower price where they only make 600-800% and get those out of the way so they don't have to worry about dilution at a higher price down the road - That is if they are truly smart. It would be a short term sacrifice for a means to an end. Even though it hurts us longs NOW.

We are OVERSOLD on the RSI, MFI as well as other indicators. If we continue to go down the MACD which has been turning up but now is on the verge of being on the wrong side of the curve literally. So lets hope since we retested one the Lows of last year we can head up.

What I like is that people snapped up all the shares dumped once we broke support.
One other thing is we fell below the lower Bollinger Band and usually we pop off it or back up to it so hopefully that trend continues.

We are in for a rocky ride especially until the PR now pushed to after Labor Day Weekend.