Harry, I figured out how to get to that article I
posted on earlier if your interested. When you go to
YAHOO, click stock quotes, then scroll down to LATEST
MARKET NEWS, click any article you wish, at the bottom
of each article is "MARKET NEWS" where each story
from the day is posted. The one I referred to today
was at 11:11.
Mac, do you think we are close
to the bottom now?
Unless there are some internal problems we don't
know about, UPC is the most over sold bank in the
southeast. UPC tradeing at 10 times 1999 earnings estimate.
The stock has very little downside risk and huge
upside potential. Dividend yield twice that of all SE
regionals. Don't know about short term, but long term UPC is
a strong buy. I'll be buying before holiday
Be careful before you jump into upc. Rumor has it
they will be taking a major write down on the ST.
Louis bank they bought. Not sure of the name but I was
told it would be in the 90,000,000 range.This could
have a defastating effect on the stock in this crazy
market. I own a large amount of UPc and do think long
term it will be a big winner. I will probally add to
my postion after the loss is reported. I think it
will come out before year end. A 38 price is a 5.26
return. That would be great. Then let the stock go to 60
or even better a sell price of 80+ This is my first
post but have found the board to be very intresting.
Good Luck to all in this wild market
A. Because these types of activities are exactly
what defines an open market; if the SEC were to adopt
a McGovern-esque tactic designed to defend the
"little guy", we would spread the union/socialistic
mentality that has decayed the rest of this country's
B. At 2 times book, I agree that the wheels will
fall off of the merger train.
Don't we all wish that we had bought Union Planters
CD's instead of their stock!
Take a look around and see what's happening to
the market as a whole. I do believe you have the
blinders on. There is no way UPC management can control
the stock price in this environment. You are being
very short sighted. I can understand your concern but
in the long run all will be okay. If anything buy
now if you can.
These comments I welcome responses to.
short selling by the big players is
market down , it is time for the SEC
to step in and
stop the practice. Too many little
B. UP's performance today is just
of how the announcement of another
merger clobbered our
stock. At 2 times book where
does management get
curency to continue to buy.
Like someone posted weeks ago
is management going
to merge UP into a negative value?
Except for director Bailey, those few insider
sales were just a minor part of their holdings. Looks
like most insiders are continuing to hold on to their
position (as most of us stockholders are inclined to
It may take a few months for UPC to recoup this
drop, but I believe it will do so in spades, and will
add to the previous highs in a few short months.
there have been no insider sales the last 11
months only options exercised which were reported as
sales. Management is in the foxhole with you so don!t
dispair. Use this as a buying opportunity. Help is on the