From Sparky: Sunday 03/28/04 8:50 pm cst
Sparky Agrees,
But also thinks naked shorting may also indirectly prove to be yet another reason why we've seen so much retrenchment and filling in the past few weeks.
If in the next week or two UGMI shares don't plow right thru 20 cents, Sparky will step back up to the plate and eat some crow.
But if Sparky's right, the heightened volume associated with recent and upcoming sales-related news will combine with demand generated by those trying to cover.
Also, if the recent spate of shorting was to cap an advance that was threatening an even bigger short position, and Sparky thinks it was, then we could see a real explosive situation that should bring the 30-cent area into view sooner rather than later.
Sparky thinks that UGMI is in the right place at the right time and that UGMI shares should be aggressively accumulated.
Trade Well,
Sparky
