Ytec price decline Friday was overdone, this stock should be trading above $6 in rapid fashion. an easy $2 gain for any quick trader. Fridays volume on YTEC was Volume: 13,740,959, their float is only 17 million, there should be noone left to sell at this stage. this should cause a severe upside potential for YTEC come Monday and the rest of thsi week.

Yucheng Technologies Limited (NASDAQ:YTEC) declined 47.33% to $3.55 on 13.74 million shares after the company announced that for the first quarter of 2010, it expects revenues of $11.6 to $12.2 million and non-GAAP EPS of $0.08 to $0.10. For fiscal 2010, it expects revenues of $65.0 to $68.0 million and non-GAAP EPS of $0.30 to $0.36. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.08 on revenue of $13.5 million for the first quarter of 2010; EPS of $0.91 on revenue of $84.1 million for fiscal 2010.

About YTEC:Yucheng Technologies Limited (Yucheng) is a provider of information technology (IT), software, solutions and services to China’s banking sector. Based on the nature of its solutions and services, Yucheng categorizes them as Software & Solutions, and Platform & Maintenance Services (POS). Software & Solutions includes the development and sale of the Company’s software solutions, IT consulting and implementation, and customized software development. Platform & Maintenance Services relates to the procurement, re-sale, installation, integration and maintenance of third-party hardware and software. In January 2008, the Company acquired the remaining 25% interest in Beijing Easycon Electronics Limited (Easycon), which is a provider of IT solutions and service to SMBs in China, which, as of December 31, 2008, was a wholly owned subsidiary. On August 2008, Yucheng established a joint venture Elegon Infotech, Ltd., a joint venture with 3i Infotech of India.