Universal Energy Corp (UVSE)

[Ben Bien]

agreed, always best to be safe. glancing at the chart and using the elementary T/A I know, it doesn't look safe just yet since UVSE just broke bottom support and has not shown any basing activity around a new support bottom. However, these massive -30% to -40% vertical falls can also yield what I call a 'V-Bounce' the next day. See SPNC for a recent example. I traded SPNC for a loss because I got damned scared about the news about the company getting raided, but if I had held until the day after I would have taken a juicy and quick +10% gain. So with these vertical 'falling knife' drops it's very uncertain and whether or not to buy depends on if you're willing to gamble. For me I am willing to gamble at most $2K with UVSE based on the reasoning that this stock has become excessively sold for whatever reason.