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Gold/Mining/Energy : UFAB - oil drilling deck fabrication
UFAB 2.680-0.7%Oct 18 4:00 PM EDT

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To: Area51 who wrote (335)11/30/1999 9:55:00 PM
From: Roebear  Read Replies (1) of 337
 
Area51,
I try holding a small core position in this, but for me it is an easy stock to trade, despite its thin volume, sometimes I trade the core too. Currently I have some and will probably add as I unwind other trades. It has been good enough to me that I should hold some forever.

I even had securitytrader.com running a Long Term chart on it but I think they got tired of putting right shoulders on that inverse head and shoulder chart (VBG),they quit updating it. You will be interested to know that the measurement on that chart was $24 and I think it will get there someday.

Thanks for the post, it was instructive as there was a target for $24 with some dates on it. This company is hard to get information on sometimes, it pays to read the New Iberia paper.
Edit, ST's first measurement was 18-19, with second target at 24 1/2 at major resistance.

BTW, a lot of indices look like crapola tonight!

Best Regards,

Roebear
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