yeah, what I'm saying is that volume has already exceeded what it has been in the past three weeks, so if UVSE can just hold intraday support at 0.016 and if more buyers enter, we should easily close between 0.017 and 0.02. 0.017 appears to be the intraday resistance, since the stock failed to break that twice this morning during the period of highest volume. We have to keep in mind that UVSE was trading healthily at 0.025 BEFORE the Lone Oak well #1 failure and AFTER the AS increase vote notice, so if these earnings can offset the July 28th Lone Oak news, then it can break 0.02 and return to 0.025. I personally would argue that the July 28th drop was a massive overreaction, which sent the stock down to its stagnant level of 0.011 and opened up a perfect opportunity for me and others to buy more at. If this earnings release can show how absurd that drop was, UVSE will price at or above 0.025 again. And once the details of the August 20th meeting are confirmed and the AS vote becomes a certainty, we will see UVSE move up even more IF the vote allows for the AS to increase AND if the company does not increase OS. This combination--of allowing the AS to increase but not actually taking the next step to further dilute OS--will CONFIRM in the minds of traders that UVSE is maxed out at a float of 250 million shares, and that can catalyze a momentous movement towards 0.04. Based on my reasoning, anyone holding shares right now at 0.02 and below stands to make at least a 100% return or more just on the news of the Earnings release on its own.
Disclosure:
I have set a limit order to sell at 0.024 so that is where I plan to make my exit. I will re-buy only after the August 20th meeting is settled, because I do not want to leave myself exposed if the August 20th decisions are not favorable.
I am a human being, therefore I make mistakes.
