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I'm noticing over the past few days, except for this past Friday, very low volume early on in the day. This trend usually holds throughout the day (ending the day with low volume). Example - so far we're just over 100 million, whereas Friday we were more than double that at this time of the morning, and we had a nice run, but ended down. What do think that says? Day traders jumping in an out? With little movement on the PPS, right now, it must be nothing more than a holding pattern, few trades here and there? What are the MM's thinking?
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My gut tells me people (short-term inv. and long-term inv) are watching this stock VERY CLOSELY, with money waiting to be thrown at it as soon as a REAL PR comes out. If people were in this earlier when it ran, I know this is still on their watch list AND as soon as that PR comes in we'll move, and move fast. Look what happened Friday. A mediocre (which turned out to be crap) PR came out and people jumped in (20% gain), but as soon as the rally stalled, people bailed FAST and we ended down. That PR was lacking one small thing - CASH FLOW.
People like to see PR's that contain those three magic words - MONEY COMING IN. Without that, any PR about software development, chatting about the company's future, etc, etc. NOBODY CARES! We need to see INCOME.
So, RA and Mark from the PR department, if you're reading this - WHERE IS IT?
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"In light of recent announcements, activity, pending acquisitions and funding discussions, it appears prudent to conduct a web cast on the Ides of March clarifying and informing shareholders on these 'capital' developments," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"I was reminded by staff that the Ides of March wasn't fortuitous for Julius Caesar. That's exactly why I chose this historical date as Universal Express continues to 'stride the business world like a colossus' and what a perfect date to ask friends, shareholders and countrymen 'to lend their ears' to this historical web cast. This time I believe the speaker will walk out of the capitol," concluded Richard A. Altomare.
He is building this up like it is the "Second Coming", or something.
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