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Re: imshredin2 post# 11791

Monday, 07/21/2008 11:12:07 AM

Monday, July 21, 2008 11:12:07 AM

Post# of 32583
imshredin2,

were you hoping to get it at 0.015? because it can very well return there or float around 0.017. don't try to get it RIGHT at the bottom because it's highly improbable if UVSE only dips to that level momentarily. So perhaps it would be better to change your order to buy at 0.016 or 0.017, because when UVSE strikes its intraday lows it usually does not hang there for a while, so the window to buy is very narrow. I caught UVSE at 0.017 last time it dipped, and minutes after it went to 0.015 and returned to 0.017, so you cannot be down about missing it at 0.015. It is unreasonable to expect that you will get in right at the IDEAL point. Of course everyone wants to get it at 0.015, but that means many people will set their orders to execute at 0.015, making it harder for each person to get it if there are not enough sellers willing to sell at 0.015. Of course, if there are many sellers willing to sell at 0.015, then that changes the dynamics and you will be able to get a fill. But I don't think that will happen since it is already 11:00 A.M. and much of the morning sell off has already occurred. Those who wanted to sell have probably already done so, given that the volume is already 14 million just 2.5 hrs after market open. Given this reasoning, it is highly improbable for UVSE to return to 0.015 today if the sellers have already been shaken out and if there is pending news about its project that keeps people in or attracts new buyers. But then again, there might still be some late sleepers here on the west coast because it is 8:00 A.M. right now here so it is plausible for some to wake up late and sell. That is always a factor: the west coasters who can't set their alarm clocks for 6:30 A.M.

I trade, therefore I am.