After my great call yesterday (I'm entitled to gloat a little), I think that somebody obviously wants in and has been buying for the last week. There are many possibilities, but under any of them I don't see the kind of retracement that you're predicting:
1. The HK JV will finally be floated in HK
2. The new home furnishings company sales and/or the conduit sales are going better than expected and Q1 will be awesome.
3. 1 or more mutual funds want in badly and are not finished buying.
All of the above is just my best speculation, but something is definitely going on with this erstwile stodgy stock.
On another matter, I hope there is another split to help liquidity. Perhaps 3:2 next time.
I just spoke to a colleage (who originally mentioned UUU to me 3 years ago) and he would add a 4th possibility with which I agree:
4. Harvey said in the presentation that UUU has permission to sell in China but needs more capacity. UUU may have found a way to increase capacity and start selling in China and elsewhere. That kind of announcement would make today's price look rather meager.
i'm not going to predict one way or the other, BUT i disagree that this has run up too fast. this stock formed a nice base and has broken out. its up less than 10% from its breakout point. actually, according to IBD rules, its still well within its buy range.