Late April I very patiently waited for UNQL to fill a gap in the .105 range then bought looking for a very short term play.
At this point I've done some further Due Diligence & as a result I've changed my game plan to more of a swing trade & possibly more.
I'm thinking that a few friends & myself may have stumbled on to something with a lot more promise than we initially realized.
I've read their most recent 8K a couple of times & from the looks of it, even without a merger, UNQL may be a much better play than I first anticipated.
These guys have restructured their debt to the extent that it's not a major concern. Additionally I believe that restructuring that debt was a MAJOR factor in the abrupt halt of the selling last month.
Also UNQL appears to have received a very favorable line of credit with less than 6.5% interest.
This 8K follows the news that they've added 52 flights to their schedule to cope with expanding need to ship more of their customers products. Also they just recently signed up HP & AurtoZone as new customers.
$400m in revenues. From my very humble perspective any hint of an indication that this company has found a way to improve margins on their earnings will be the primary catalyst for a serious run up in PPS.
My immediate plans are to buy more while this stock remains in this range as well as under the radar.
Bollinger Bands not lying here!
Average 10 day volume for UNQL is 675.8K,,,
Today we're up 37.33% with twice that on a 1.34m share day.
UNQL trying to breakout after an avalanche of recent news & positive "Significant Material Events".