FAB Universal Corp. (fka FABU)

[Blotty]

Looks like a setup... Couldn't fill the gap and complete the double bottom sell signal and someone was scooping up those shares.

Looking at their last 10Q, the first tranche should be out and the outstanding around 32M.

They made $11M in profit through the 1st half, so should be around $16M now.

That puts the EPS at $.50

At a PE of 16, the share price is $8.

Sometimes when things look too good to be true, they are!

I scooped up 800 shares at $5.7 today. We'll see if it pays off by next week. My guess is we'll see a short squeeze here.