posted
This closed at .0018 on Thursday, but more telling is not the 11% gain today, it is the 21 million in volume vs. 40,000 on Thursday. I expect to see some news released.
posted
Yep, something is up....either some sort of group play or big news on the way. I'm fine with either, but I would have expected this to jump quicker with this type of volume. Some of these buys are 1 million+, which is more than its 10 day daily average.
posted
it just pulled back to .0022, now is a good time to buy on the dip. I don't know if it will go up, or how high, until we know why it moved. If this is simply a group play, it will go back down. If people are buying before news is released, then it could climb very high very fast. Like I said before, I already own it and I like seeing the action, but I'm not sure I would buy into it now without an answer to the question why.
posted
Well you bought high and sold low, I'm not sure that is the stock's fault. I bought this based on the prospect of the business, made some profit by selling 3/4 of my shares, and then doubled my stake when it was at .0012. I think the stock has been wonderful.
Not a bad bet. The problem is if it is news driving this it will be too late and if it was just a "pump and dump" then it would not be worth buying tomorrow anyway.
If you want to "invest" in this stock I would buy in on a dip, probably a week or so from now. If you want to "trade" this and try to make some dough you might as well give it a shot today. I prefer to "invest" in pennies but others seem to do just fine playing runners. I probably wouldn't touch this today if I didn't own it, but that is because I don't like to buy into uncertainty.
posted
Union Equity and Eden Development Group Agree on Terms of Acquisition Business Wire - March 28, 2005 14:20
PALM BEACH, Fla., Mar 28, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT), a national real estate development and holding company, has agreed to terms for the acquisition of Eden Development Group. As previously released, this acquisition will allow Union Equity immediate entry into the construction and development of single family residential projects in Florida.
"We intend to combine luxury and affordability," said CEO Michael Anthony. "This market has a tremendous demand for new residential development. Prices continue to soar."
Union Equity will acquire Eden Development Group for restricted stock. Upon execution of the contract, Eden Development Group will be a wholly-owned subsidiary of Union Equity.
According to a recent article in the Palm Beach Post, contracts for future housing construction in Palm Beach County grew to $244 million in February, up 44 percent from a year ago, Dodge Analytics said Friday (3/25/05).
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Forward-Looking Statements
Union Equity, Inc. is a publicly traded real estate development and real estate investment holding company.
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.
Union Equity Inc., Palm Beach Kay Marie, 800-916-3457, Fax: 800-916-3451 contact@union-equity.com
Copyright Business Wire 2005
-------------------- Nothing moves a sub like news!!!
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posted
Actually, I told you so. I said if you were interested in this long-term it was not a good time to buy after the small spike; I said it would come back down if the news was not that big.
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