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BANKRUPTCY? Where did you get that from, this company has not hinted at bankruptcy. I'm sure all the pumpers thank you for buying as the stock price was shooting straight up, but don't compound your stupidity by assuming the company sucks. If you know anything about the "pump and dump" scheme, it is generally good companies that fall prey to it. This is because it is easy to get people excited about the stock and watch it take off. Also, the second component of the pump and dump scheme involves the "bashing" aspect of it. This relies on peoples natural fear, and the self-fulfilling prophecy that everything that shoots straight up is likely to come down. As the stock falls everyone jumps ship and the stock bottoms out, all usually without justification.
In both parts of the game you are the unwilling pawn because as an excited trader you help hype the stock and then as a bewildered loser you help bash it. A little tip, if you bought these types of stocks when they have flattened out, or are trading slowly up, you won't get burned and feel so scorned. If you are going to buy something that is already running hard then keep a tight leash on it and sell at the first hint of trouble: at least then you will recognize the game you are playing, which is the first step at figuring out how to win it.
I do agree that this was likely a pump and dump stock but that does not mean that it is not a good company or a good stock, it only means that people were able to "hype" this up and have you stuck holding the bag. A little tip, if you look around the boards and can't find the sucker, then it is probably you.
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Thanks for the tip. There is absolutely no reason for this to be .0012. If you think there is I would like to hear it. Everyone throws the DD language around this board like it means something; I'm not sure some of the people on this board even know how to read. If everything was going dandy NONE of the penny stocks would be penny stocks, they would all be trading on the major exchanges. The trick is figuring out what companies are trading at a reasonable price. I sold this stock at .005 and made a killing on it and then waited for it to flatten out after it came down. Now I'm in at .0015 and I think at this price it is a steal.
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Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
-------------------- It is always darkest before it goes completely BLACK!!!
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Eden Development Group President Bringing Two Decades of Construction Experience to Union Equity Tuesday April 5, 10:14 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--April 5, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) quickly approaches the closing date for its acquisition of Eden Development Group. EDG's president, James T. Wadsworth Jr., is bringing more than two decades of construction experience to the table and will stay on board to spearhead Union Equity's residential construction and development projects in South Florida. As previously released, the closing will occur on or before April 14, 2005.
"Jay is the ideal contractor," said Union Equity CEO Michael Anthony. "The guy has worked on everything from historic homes to multi-million-dollar Palm Beach estates. I like him because he brings his projects in under budget and on time. He's also got a serious talent for maximizing space and including lots of classy features without sacrificing the bottom line. His reputation in the industry is golden. We're lucky to have him."
James T. Wadsworth Jr. has been a licensed general contractor in Florida for nearly two decades. In his lifetime he has worked on more than 1000 homes.
-------------------- It is always darkest before it goes completely BLACK!!!
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