Today’s (10/3/07) gains on nearly average volume is again an improving sign, especially in the last two day of the negative general market. I look for UTSI to increase in volume in the next couple of days, hopefully nearing the levels of late July and early August as the stock sunk in the $2-$3 lows. This volume increase and necessary short covering will drive the price to the $5-$6 range prior to the reinstatement of earning at the end of the month. Sooner if the shorts get scared. Another note is the if the market turns up that may increase the rate of stock price appreciation beyond the current 25 cent days. The news today from IBM is just one of the first good news storys that this stock has to tell in the next two months. The after market UTSI price is up another 4 cents just like yesterday, so hopefully another gap open at the open. I invite the observations and tech analysis of others. I do enjoy this UTSI Board. Go Long, Go Strong, Huge Buy on UTSI!
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