Universal Energy Corp (UVSE)

[Ben Bien]

0.015 looks like it's the confirmed re-established support here. Volume getting weaker which is a good sign that this is the time to buy. Buy when everyone is scared, doubtful and uncertain about the company. I sold my entire UVSE position and bought GLCC this week, but I was hasty and sold my GLCC position at 0.01 so I did not capitalize on GLCC's monstrous run to 0.017! Oh well, it was the best decision I've made so far and I'd be better off IF I had traded out of UVSE in the past to buy other stocks that were tanking such as FNM and FRE. Oh well, all of this is said in hindsight but we can still learn from it and I have certainly learned not to hold onto a stock based purely on 'belief' and 'hope.' Your hope, our hope and my hope in UVSE means nothing if there are no facts or evidence to back up our case. It can swing either way from here and the potential downside is a return to 0.010 or lower. Of course, the potential upside is also highly rewarding. So after staying on the sidelines this week I am ready to observe a new support level here at 0.015 and I will dip my foot back into about $2K worth of UVSE shares tomorrow in anticipation of the Sept. 2 meeting results. I burned MYSELF three times already by holding onto this stock and desperately expecting a +100% to +200% return. I will be more cautious this time!