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Universal Security Instruments Inc. Message Board

  • mmmparsley mmmparsley Mar 21, 2007 9:57 AM Flag

    Should bump its head shortly...

    this is just too torrid to keep up. i'm holding, obviously, but it looks like we hit a 30-60 day top. I get the feeling we'll go back to 29.50-30 before moving up to 35-36 after earnings release.

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    • 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.

3.50+0.05(+1.45%)Oct 25 4:00 PMEDT