posted
I tried to sell 100,000 shares at .0072 around 1:00pm to make my remaining shares free and clear. Only 5,000 shares went through then the bid dropped to .0067. I don't understand, especially if they were looking for shares. I guess I will hold for the long term. Stockcharts says it will go to .02 MAC200.
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lol .. how you come up with that theory? .. down 50% HOD usually means its done for the day.. and it either gonna drop slightly with thin volume next market day or drop sharply with heavy volume. Its definitely done for today.
quote:Originally posted by net10708: I like what I see here with UNQT. Nice positioning, and ready to run. Down 50% from HOD, so a repeat to HOD is 100%
posted
not at all.. i have no reason what-so-ever to dislike the stock.. I guess i hold 2much opinion on such stuff (even thou its my fundamental right) but.. i will try to keep such opinion mutted in the future.. ... no harm intended..
quote:Originally posted by ya ya: Hey Winner - You don't like this stock do you.Seems like when someone has an opinion you bash them.
posted
Well, just my opinion I guess, especially based upon trading stocks since 1993.
You haven't lived till you've made and lost money on stocks like the old PPRO, ARBA, and obscenely priced net stocks that went up and up.
That's about all I can say, except I've had 7 winners in a row now. Nope, I don't win every trade - you got me there.
But it bothers me when I research a stock before jumping in and see insiders (especially the CFO) selling tons of shares lately at prices lower than what the stock is currently asking.
But then, it doesn't bother everyone.
I missed SMTR at .07 - $##@! Can't believe it. Now its RSI is 90's, appx, and I won't touch it. Stockchart looks like a serious crash coming. My opinion.
ITGJ, SMTR(after pullback), UNQT, DNAP, RCO(maybe another boost), HWPR(rumors)
No one is perfect (except apparently Momo)
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News for 'UNQT' - (Union Equity Implements Goliath Program; Asks Shareholders to Submit E-Mail Addresses)
PALM BEACH, Fla., Apr 26, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has initiated its "Goliath Program." The program entails establishing cooperative relationships with some of the nation's largest real estate buyers, particularly those who specialize in condo conversions.
"For example, there are developers out there who we consider to be the true royalty of the industry," said CEO Michael Anthony. "They buy the most exclusive apartment buildings in South Florida, make them even classier, and then turn around and sell them off as condominiums. Their business model is genius and they focus on projects in the $100 million range. However, their projects sell out fast and leave many buyers wanting more."
Union Equity will work to establish a formal working relationship with one or more of these powerhouse developers to accommodate the buyers who don't manage to secure a unit.
"Because of the limited amount of space in downtown West Palm Beach, we want to collate a group of buyers who got left out for whatever reason and point them in the direction of a smaller project with many of the same amenities they are already looking for. We plan to pre-sell our units and run the project just like a $100 million condo conversion except on a smaller scale in the immediate peripheral areas."
Last week Margolias Realty Group paid $91 million for The Strand, a 275-unit waterfront rental multifamily complex in downtown West Palm Beach. Details of the transaction can be viewed at http://www.globest.com/news/269_269/miami/133464-1.html. It should be noted that Union Equity has not yet contacted Margolias Realty but intends to do so in the coming days. Also, no current relationship exists between Union Equity, Inc. and Margolias Realty. In addition, Union Equity intends to contact several such developers who specialize in large-scale, condo-conversions.
Union Equity also requests that shareholders as well as the general public contact the company through their website and provide their e-mail addresses so they may be included in the company's upcoming quarterly newsletter. The company has received numerous inquiries through their toll-free phone number and wants to make sure these individuals are included along with those who have already submitted their e-mail addresses online.
In addition, the company has recently approved a 600% dividend in the form of a six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
About Union Equity
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 operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments.
Further information on the company can be found on their website; http://www.UNQT.com. SOURCE: Union Equity, Inc.
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It doesnt matter what the hell the company does... We're all day traders here, we only cares about getting in at low and getting out at little bit high, then go chill with family after 4pm...
-------------------- If you don't have a plan, click that little X at the top, and never trade again.
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News for 'UNQT' - (Union Equity Addresses Issue of Short Selling; Asks Shareholders to Request Stock Certificates; Record Date Today for 600% Dividend)
PALM BEACH, Fla., Apr 27, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) encourages shareholders to request as much of their stock as possible be delivered to them in certificate form. This is being done to make it more difficult for market players to short the company's stock.
"I don't believe in the concept of shorting, I never have," said Union Equity CEO Michael Anthony. "If you are going to speculate in the market you should do so based on the belief that smaller business entities are going to become larger, more financially successful companies. The concepts of economic growth and entrepreneurial innovation are the backbone of the American way of life. Personally, I would never bet on the demise of any company."
According to a recent article by journalist Joel S. Hirschhorn, "Company stocks can be sold short. Shares are borrowed from brokers who actually have them (or can get them), transferred to the purchaser, and then returned to the lender by the short seller. The short seller sees a relatively high price in the stock market and bets that the price will decline significantly. Then the stock can be bought and returned to the original lender within three days. But `naked shorting' is different. No actual stock is borrowed and delivered to the purchaser, even though the purchaser pays the short seller. The investor believes that real stock has been delivered to their account. Naked short selling has been illegal since 1933, but it has still flourished."
Union Equity requests that shareholders contact their broker/dealers and request that their shares of company stock be delivered to them in certificate form in order to make it more difficult for short-sellers to borrow stock. Theoretically, if there are fewer shares out there for short-sellers to borrow, it makes it harder for them to achieve their objective.
In 2004 Regulation SHO (for "short") was promulgated in an attempt to curtail naked shorting.
In addition, Union Equity has recently approved a 600% dividend in the form of a six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
About Union Equity
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 operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments.
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