USXP is this bottom?

[Tooty]

I put a little in @.0021. I know USXP can be a tricky one, but if you are on the right side of it you can do well. It really picks up after news. I admit it is a bit junky but I'll try it out for Friday.

[bobwatford123]

I put a little in @.0021. I know USXP can be a tricky one, but if you are on the right side of it you can do well. It really picks up after news. I admit it is a bit junky but I'll try it out for Friday.

A bit junkY? I think that may be the understatement of the year. I think there are 14 BILLION shares outstanding. At .002 that values the company at $28,000,000. It is worth nothing and should have a negative market cap in my opinion. The companies only real business is selling shares. I think the CEO is up on charges from the SEC right now. It's surprising it's still trading at all. They lose massive amounts of money on a daily basis and the con artist CEO has used the company as his personal piggy bank, forgiving huge loans to him and his wife. STAY FAR AWAY unless you are fine with losing everything. I'm not saying it won't go up on some shameful pump, but ultimately it's going to zero. Sorry if that sounds harsh but USXP is one of the oldest P&D's in history, and it's just about to the end of it's run. Soon another zero will be added to that decimal point in my opinion, if you don't get stuck holding the bag when it's completely halted.
(I know you are probably just in it for a quick flip tootie, so good luck. I just wasn't sure if you knew what you were getting into. Bad news stock)

[JV1298]

Companies dont become sub-penny stocks without being junky, that doesnt mean you cant make money on them!

http://www.cnbc.com/id/15837280?q=usxp

Interesting stuff.

[bahroor]

i think this was my first trade ever... i think (those were the days...)
luggage security, hahaha, investors are waiting for Bush to call USXP for a 10 yr contract i think.

i still remember the run about this time last year from .0004 to .04 8O

just dont hold that bag son, GL

[Tooty]

Yeah, this is a crazy stock. I wasn't trying to P&D. Sometimes when a stock is down like that and oversold... News fires it right back up. GL everybody.

[JV1298]

I took a nibble this morning buying @ .0026. Let's see what it does :)

[Tooty]

I took a nibble this morning buying @ .0026. Let's see what it does :)


Funny thing I just sold at .0026. I got a little nervous about the posts here and people's sentiment that I didn't know what USXP would do. I hope she makes money for you. GL and don't get greedy by the way...I think this one's a bit too wild for me so thanks for the posts. I'll try to find better stocks...

[JV1298]

When I say nibble I mean nibble! I wouldnt put anything I wasnt ready to lose into this... but this stock is known to take off quickly on NEWS, and then come back down quickly, so Ill be ready to push the big sell button if it does something :)

[bahroor]

Funny thing I just sold at .0026.

you played this perfectly.. well done
bought when it got too low, notice the next day it tried to jump but couldnt hold (black candle), then sold the gapper locking in over 20% overnight.
thats the best way to play these pennies.
well done.

[bobwatford123]

agreed, great call for the 20% gain on USXP and run for the hills. At some point people will definitely be left holding the bag.

[bobwatford123]

Thank me later. Judge just rules against Altomare. Expect a trading halt or bankruptsy any day. Currently trading at .0017. It will all be over soon.

"As CEO of a publicly held company, Altomare occupied and continues to occupy a position of significant power, which he abused by repeatedly and brazenly committing fraud and flouting investor-protecting registration requirements. He has not only opposed the SEC’s request for summary judgment without pointing to a single piece of evidence sufficient to create a genuine issue as to any material fact of his liability, but he has also had the chutzpah on an overwhelming unfavorable record to seek summary judgment himself. The defendant’s professional position and apparent refusal to acknowledge the types of conduct that violate securities laws raise serious concerns that he will engage in such misconduct in the future. For
these reasons, the Court, applying the multi-factor inquiry typically employed on such requests, Patel, 61 F.3d at 141, concludes that Altomare should be barred from serving as a company officer or director within the meaning of 15 U.S.C. § 78u(d)(2)."