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Wednesday, October 22, 2008 11:06:23 PM
In the case of uWink I think the "bottom" has yet to happen, but we are close. They are expending their cash reserves, and unless something changes some things will have to happen (cost-cutting) which usually depress the stock price, along with the shareholders. That would be the bottom. Or else something nice happens, which is a different story. I would look to mid-Nov financials as the bottom.
Beyond that, it gets interesting. There are some positive things about uWink. First of all, they have no debt. Secondly, they have revenue-producing diversified income streams.. I would say if they get down to .10 - .20.. something positive must happen. If someone tries to take them over, the bidding war would be a boon to shareholders.. so that is the bottom, A buying op.
I would not call it pumping, but that is the best I can do.
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