Universal Energy Corp (UVSE)

[Ben Bien]

Looks like many sellers got out at around 0.017, sending UVSE back down to 0.0155 for a while and now back up a little. I think we're just seeing the beginning of today's run, this will move into a second higher step in my opinion. There's no reason to sell right now, given the PR news that just came out and also given the fact that the 10Q will be released on Tuesday. Yes, that's right, August 19th is just one weekend away after tomorrow so if we think about this in psychological terms, there's probably--and I say PROBABLY--a high quantity of indiv. waiting to sell or to buy following that release. If UVSE is going anywhere today, it will be upward with a potential to return to 0.015 if more heavy selling kicks up. Note that we've already cycled through a volume of 11 million shares by 9 A.M. West Coast/12 P.M. East Coast time, so it's still early in the day and this can very well stagnate, trade sideways during lunch hour and move up to 0.02 by the end of the day. Again, there's really no reason left to sell here. Look at all the pessimistic news that has already been priced into this stock and that has already activated sell offs. I can't even count how many PRs we've seen about the AS increase and of course there's the notorious Lone Oak drop on July 28th. So for now we're seeing a floor.

oh yeah, and someone deleted my other humorous post so i gotta say it again: I have a UVSE-rection. what? that isn't offensive! there's no such word as 'rection' anyway...