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Universal Security Instruments Inc. Message Board

  • mmmparsley mmmparsley Apr 13, 2007 2:51 AM Flag

    Trading under self-adjusted book value

    There is no way half of Eyston is worth less than the current 75 million dollar market cap, after considering last quarters earnings. Real Earnings would have been higher if 300K+ wasn't lost because of the recent acquisition. Real Gross income, when eliminating a temporary loss by the conduit company during its transitional phase, was the highest in Universal's history, and next quarter will likely break that record.

    Apparently, institutions are balking until this stock hits the 50 day DMA. I try never to be a technical trader, unless volume clearly affirms a trend. UUU's volume is erratic which makes technical trading dubious, but certainly the major players are being patient and allowing profit takers to present more attractive, higher risk/reward opportunities.

    I have a large position in UUU and don't want to invest in UUU kamikaze style, so I don't think I will take advantage of this opportunity to buy more. I don't like to put over 40 percent of my portfolio in any one stock - a stupid self imposed rule to keep myself from overreacting to downturns.

    dave

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    • >>I don't like to put over 40 percent of my portfolio in any one stock - a stupid self imposed rule to keep myself from overreacting to downturns.

      Not at all a stupid rule I don't think. 40% is quite a large allocation for any portfolio unless you're absolutely sure.

      I also have accumulated quite a large position in UUU and expect it to continue doing well. However, unless there is some ridiculous drop I am going to wait until after the next 10-Q to continue any buying. I really would like to see what kind of impact the Home Depot retail distribution and conduit acquisition makes before adding to the position.

 
UUU
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