Universal Energy Corp (UVSE)

[Ben Bien]

I really think you made the right move, compared to what I did. I bought UVSE following market open on July 3rd and planned to hold over the weekend. Once July 7th hit, I sold half of my position but held on to the other half. The next day, on July 8th, I got out of bed and literally stood frozen in my underwear without doing anything while UVSE struck 0.039 and fell red all the way down. I think your having re-entered at $0.015 is a genius move, given UVSE's lowest low has been $0.012. Granted, it CAN go lower, but after it has tanked this low one must ask: for what reason would UVSE price lower? I doubled the size of my long position today in the morning when UVSE traded at $0.017 and my current position size is about 300,000 shares at $0.019 cost basis. I think we all need to be patient with this one, since it is clearly a developmental company finally turning a profit after making $0 revenue in 2007. The fact that they are drilling and completing pipelines is a good sign that there will be future gains to be made in UVSE.