Replies to post #1571 on Universal Power Industry Corp (UPIN)

[Traderfan]

Actually I disagree. More stock available on level 2 under .07 than there has been in awhile. Should look thinner do you agree?

It was indeed looking thinner 30 minutes ago when I looked than it is now. That said shares sold at 6 or 6.50 today would be anywhere from 70-100% up for the day, so it's not that strange to see some sellers lining up in case the stock explodes all of a sudden especially since as we all know they are very late in filing already and people are getting more nervous about that.

Now that's not something that is so strange. What is more than strange and certainly not normal (don't let anybody tell you anything else because it's not) is that there has been many many good news on this one throughout the last few months while they were still current and while there was a lot of buying and any single time after a short lived initial spike the stock turned back down with sometimes hundreds of thousands of shares sold into the bid at any given day. That's another thing. Bid whacking and supply was definitely too much in the last few months for a 3.5 million float with nothing but good news along the way.

I noticed a lot of air trades here in the last few months so that could potentially be a reason. Way more than in almost all other stocks I follow. Either way if the company has nothing to do with the supply (if) then somebody or some group was playing the stock for months IMO.