Universal Energy Corp (UVSE)

[Ben Bien]

PR is due any day now, it has been 10 days since Lone Oak drilling was supposed to be finished and so now they must be done if not near done with data collection. We should hear a confirmation about this project tomorrow at the earliest and Friday at the latest, but any later delay and this stock will move starkly lower since it is floating mainly on news right now. ClayTrader's Video Chart nicely shows a high correlation between the general trend line and the MACD crossover. He does make a good point that UVSE's volume is not quite strong enough yet, and so if this runs it will need to run on a catalyst news--the Lone Oak PR release. To be safe, I am willing to exit this position as early as this Friday if UVSE does not release details about Lone Oak by then, but I am willing to hold until at least the end of July.