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sebastoro (23.07)

ANOTHER REASON TO BUY UNIVERSAL TRAVEL GROUP...LOTS OF SHORTS LOSING

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October 14, 2010 – Comments (0) | RELATED TICKERS: UTRA.DL

Well i find another reason to buy some shares of UTA.....

 Since the last attack from hempton the company only have a few shares in short:

http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=UTA&selected=UTA

Before hempton lies, UTA only have something like 237,210 shares in short....

But before hempton attack the short interest just fire up and since the attack the short interest raise to 1,520,918.......and thats a lot of shorts rigth?

 Well here comes the interesting part.....When the attack came, the stock hits 3.25usd...at that moment shorts began to attack based only in hempton lies.....o yeah go short because a guy says so......yeah go short because a blogger who admit is short says the company is bad.....well today the shares are trading at 4.5usd....so the most part of this shorts are losing money today, scared as hell because the stock is rising and asking his short master hempton whats is going on.......

But this get better!! yesterday the company files a SEC filing saying that an individual has bought 7% of the company!! yes you hear rigth, George Valente has taken a big position at UTA and i think that hes buying even more and doesnt has plans to sell in the short term.... So imagine...you short  a stock as hell because a dubios blogger says so, but a big buyer who want a big position at the company buys all of them!!....So you are selling and the counterpart is a big player taking positions at the company....if i were short i will be worried....

And just put together the pieces......UTA make a movement to protect the board from a takeover.....then a big player buys 7% of the company and with that you have a lot to think about.....and a lot of shorts are getting trapped because the stock keep raising.....

Well we have our shares and i think this is turning to be a good opportunity and im not mentioning that the company is trading with a FW PE of 3.9.....and below its book value that is something like 5.5usd....have no debt, a lot of cash....just a bargain.....

Well good luck to the shorties......but i think we will continue to go UP

just another opinion.....

Best Regards

Sebastian Toro

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