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June 28, 2007 09:52 am
and took a huge loss, the chart speaks for itself, there are too many shares out there to have any huge bounce back anytime soon, I think all the investors have a very bad taste in there mouth currently and have given up hope. I see it closing at 2 this week and then 1 next week, I am going to watch the volume at 1, I may buy back at 1 or 2, I cost averaged all the way down from 50, I have other stocks do this and I am stuck with millions of shares worth little. It is very hard for a company to get out of the 1-2 area, USXP will have a harder time due to the enormaous amount of shares out there. The franchise sounds great, but, USXP is not making a fortune off of luggage express so I dont see the franchise doing well either. I dont see the Saudis funding a company that has lost all. I am going to Mexico next month and have tried to have USXP ship my bags, my family of six would pay 3,000 dollars to ship my bags, my whole trip airfare and all inclusive resort only cost 6,000, including bags shipped, why would I add another 3,000 grand. To make matters worse I have tried to get USXP to give me a real quote and I get no response from them. I am not sure what is going on. When it gats to 1 I may buy a billion shares and hold onto them as my lottery ticket and hope for the best.