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Worden Discussion Forum » General Discussions » Stock and Market Talk » USEY: great charateristics in a leading group - Outperforming market for over a yr

USEY: great charateristics in a leading group - Outperforming market for over a yr Rate this Topic:
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BigBlock
Posted : Wednesday, August 9, 2006 12:22:29 AM
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Joined: 10/7/2004
Posts: 2,126
 This stock was brought up by my system 212 days ago. I have traded this stock for over 6 months on and off with excellent results. You must watch the daily volume for daytrades - at times it gets low into the 200,000 shrs or so. It has work wonders for now. The utility sector is also leading at this point, and well I thought it may be worth your time.
good luck.
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jryanweb
Posted : Wednesday, August 9, 2006 1:00:03 AM
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Joined: 10/24/2005
Posts: 101
 BigBlock,

How about a hint?
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BigBlock
Posted : Wednesday, August 9, 2006 11:42:10 AM
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Joined: 10/7/2004
Posts: 2,126
 Please look at the chart. It should be plenty of hints there.
good luck
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StockGuy
Posted : Wednesday, August 9, 2006 11:47:47 AM

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Joined: 9/30/2004
Posts: 9,187
 What stock are you talking about? That's the question. Must have gotten cut off from the topic title.
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BigBlock
Posted : Wednesday, August 9, 2006 12:38:10 PM
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Joined: 10/7/2004
Posts: 2,126
 Sorry folks. The stock in question is USEY.
Thanks for the reminder.
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Edisto
Posted : Wednesday, August 9, 2006 8:29:02 PM
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Joined: 10/7/2004
Posts: 11
 You are right, interesting chart. Think it will top out here soon, or comence a heavy retracement. If not ... All Aboard!

BGS
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BigBlock
Posted : Wednesday, August 9, 2006 10:28:11 PM
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Joined: 10/7/2004
Posts: 2,126
 Edisto it is very possible that a retracement is about to come. It may take the price down to the 50 MA as it has done in the past. It may represent a great buying opportunity. the Sector is leading and I think that althought this has been running full steam for over a yr, it still has lots of upside potential.
good luck.
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Edisto
Posted : Thursday, August 10, 2006 8:01:00 AM
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Joined: 10/7/2004
Posts: 11
 BB,

On the longer chart the 01/02 double top is going to present significant resistance, so upside could be limited here. The current run from 05 to 06 will have to catch its breath before breaking thorough. Granted these are nothing more than my humble opinions.

Glad to hear you had a great ride!

BGS
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BigBlock
Posted : Thursday, August 10, 2006 10:04:35 AM
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Joined: 10/7/2004
Posts: 2,126
 Edisto I was aware of the double top 01/02, and it will probably present resistant, as it is a masive level. I disagree with you on the upside potential so. Look at the volume of 01/02 and look at the volume now. Can you tell the extreme difference. The uptrend 05/06 and prior has been much widely supported than before. Of course this is my speculation.
good luck.
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