From Sparky: Tuesday 03/16/04 10:44am cst
Dear Fellow HSM Members,
Watch UGMI Shares Closely!
For a little over a week now, Sparky's been looking real closely at the thinly-traded shares of UGMI and within days Sparky has every intention of writing up a full-blown buy recommendation.
Just this morning, however, it was brought to Sparky's atention by a Reader, and confirmed independently, that Scottstrade is refusing to buy UGMI shares for their customers.
Scottstrade claims " ... it has experienced difficulties obtaining share certificates from the transfer agent."
But what this sounds like to Sparky is that Scottstrade is seriously short UGMI shares and that they simply don't want to be competing with customers while covering!
For this reason, Sparky thinks these shares should be watched very closely from this point on and for reasons that will be outlined in far more detail over the next few days, Sparky thinks UGMI shares are an excellent purchase anywhere near current levels.
Stay Tuned and Watch Closely!
Sincerely,
Sparky