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ULTR, institional buying starting to show... Rate this Topic:
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fpetry
Posted : Wednesday, January 10, 2007 12:10:15 PM
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Joined: 12/2/2004
Posts: 1,775
 A recent ipo of 3 months, with significant trading volume starting to show on the chart. Check out the daily on zoom 7 (otherwise its first day of trading with ultra huge relative volume back in Oct. skews the look). Note the surge in green volume in early Dec. and Jan. They say it's often dangerous to buy a very recent ipo of days and weeks, but now a few months have gone by and thus a pattern and price feel is starting to take shape.

Along with the strong technicals/chart are good fundamentals, along with recent analyst "buy" initiations. IBD rates ULTR with an "A" overall, 2nd in group of 46. Long with small starter position, hope to add on break of 13.90 if accompanied with above avg. volume.

Worth watching imo.
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fpetry
Posted : Wednesday, January 17, 2007 2:00:02 PM
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Joined: 12/2/2004
Posts: 1,775
 breakout may be happening now, added little while ago, now with 2/3 size position, hope to add final third if strength holds.
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atlanticboater
Posted : Wednesday, January 17, 2007 5:24:18 PM
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Joined: 11/22/2006
Posts: 28
 I like it and they seem to have nice growth.
Today looks like a breakout on nice volume.
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