This is so typical for UIS. That is why I started a position this morning with an average buy around $21.40. After two poor quarters I suspect that based on the press release and recent Pa. order, the next two quarters should be much improved. Given the historical swings, I was ready to take the risk that we have seen (or near) the bottom and that there should be a healthy recovery (10%+) over the next 120 days.
Agree. I sold September $19 puts just now, as I won't mind owning UIS if it gets down that low. If it jumps back up quickly, I won't benefit like those buying in right now, but will happily pocket the $ from sale of the puts. GLTA
Dont think so. Institutions never give up on making money and this horse has some life. Wouldnt be surprised to see it at $32 in less than 6 months. I bought in today at $20.80 and I feel good about that.