| | Fellow Investor, USA Graphite (USGT) finished up more than 11% on Friday on good volume of more than 924,000 shares. The shares closed at $0.65, the high of the day, as the consolidation seen earlier in the week was completed on Thursday. Investors took the bull by the horns on Friday, driving the share price higher all day. I hope you listened to us and took advantage of the consolidation to add to your position becuase now USGT could head to $2 USGT survived an aggressive short attack on Monday as shorts sold about 250,000 shares over just five minutes. But with todays solid rally these shorts are hurting and will have to buy back those shares quickly or suffer even more pain. As we stated this morning, the short squeeze is on and the shorts are really starting to feel it. The chart is looking solid as USGT closed above the important 7-day simple moving average for the first time since Tuesday. The MACD gave a buy signal a week on Thursday of last week and has remained positive throughout the consolidation we saw earlier this week. USGT in Growth Mode! After the close of trading on Friday, USGT announced a press release which shows just how aggressive management is in acquiring new graphite properties in the southwestern United States. After the company acquired the lease on its second graphite mine last week, only two days after signing a letter of intent, USA Graphite has generated a steady stream of new projects to evaluate, the press release stated. The Company looks to add projects that can host large tonnage high carbon content flake graphite, the press release continued. This type of graphite is particularly valuable for lithium ion battery and graphene production. We want to emphasize this point, which USGT made for the first time in todays press release, It is important to the Company that its Shareholders are current with the progress we are making in an effort to be the USAs dominant domestic graphite company." The Dominant American Supplier of This Strategic, High-Tech Mineral USA Graphite aims to be the dominant supplier of graphite, which is one of the most important strategic materials for high tech products in the 21st century. Graphite is widely used in lithium-ion batteries and other applications. The Nobel Prize-winning material graphene, which is made from flake graphite, is being developed as the basis of an unbelievable number of high-tech products including bendable, foldable displays, paper-thin smartphones, high-efficiency solar cells and superfast transistors. Most graphite comes from China, which will want to keep as much of this strategic mineral for itself as possible. USA Graphite is graphite for Americans so that American industry can develop the next generation of high-tech products with American graphite. USGT is looks to be heading towards $2.00 in a hurry. The short squeeze is on. Are you in? Disclaimer: http://lookpic.com/O/i2/1476/7HQ8L9Id.jpeg | |
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