From Sparky: Thursday 03/18/04 11:50am cst
Sparky's Prediction -
While there is currently an ongoing effort, which AGIS appears to be heading, to keep these shares below 20 cents, Sparky wants to go on record as predicting that they don't stand a chance!
Today, in the first hour and a half of trading, 775,000 UGMI shares have changed hands, already well over the 10-day average volume of 635,000 shares.
And to put things further into perspective, let's not forget that the DJIA's currently off 61 points and that the NASDAQ is now off 21 points.
That said, it only stands to reason that shares showing the biggest recent gains are the first to be hit by profit taking.
Looking ahead to this afternoon, however, Sparky's expects to see profit taking subside and before the close he expects buyers to seriously outnumber sellers.
The fun has just begun with these UGMI shares folks; so use these little dips as opportunities to accumulate additional shares.
Sincerely,
Sparky