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Expression of interest for UIC bldg close on 8 Feb and 4Q result on 23 Feb........expect px to surge.
Should be on downtrend now... as expected
Recall my earlier posting on 11 Jan
UIC looks like on the 5th wave. 2nd wave travelled for 5 mths, 4th wave travelled for 2.5 mths. If price cuts below 13 MA or the latest 34MA, then it is time to sell.
UIC 13MA is currently at $2.22, while 34MA is at $2.09. In a week's time the 34MA will be at $2.18 (closing price on Fri 26/01). Need to be vigilant $2.15 is 8% drop from the closing peak of $2.34.
Caution on UIC... could be starting a downtrend anytime soon
Latest news heard over the radio about 40 min ago....UIC Building on fire. No other detail yet but hope no casualties.
Don't think will impact it too much cos surely covereed by insurance.
no problem. it is for everyone gain if we hold together. unity is strength.. this counter should have 1 last surge.. but may be like EZRA. which exceed my expection by alot..
It did not cut below 13 MA, so let it goes on increase in price until someone is fighting for control, then it may give a sudden surge.
rickytan,
thanks for sharing you happiness and hope UIC px can go higher and higher. cheers : )
Once again, thank you very much to derekchong, cashiertan and shplayer etc for your regular update and valuable comments/insights. If not for your comments/anlaysis, I would have sold my holding at around $1.40.
I am feeling very "shiok" as this is the lst time that I am seeing 100% gain (bought at $1.13 many many years ago). The other counters that were bought around the same time have now become pennies of pennies....
Thanks Shplayer, so I should wait till after 8 Feb 07 since I had been waiting for so many years already :)
For this counter, I think TA may not be relevant at this point in time.
It looks like a play by the big boys (JG, WCY and institutions).....the first 2...play for control. Institutions...to call the shots on married deal for the JG and WCY.
Then, there is also the 'expressions of interest' for UIC building...8 Feb is a big day for UIC.
Morgan Stanley is still buying and holding 8.177% .Gokongwei about 32 %. Wee CY about 22% .They are not selling.I think UIC can go higher.
..nice to see cashiertan's postings again.... wish u all the best in your studies & investment ;-)
Hi Sporeguy,
Ya, appreciate your advice, I had bought it quite sometime back and thinking of selling now.... Thank you !!
Dont quite understand Sporeguy's post about this "wave" theory. Does it mean that for those vested, should sell now and buy back later ? Would appreciate comments and advice please. Thank you.
agree to certain extend but think may have a final rallt thrust up like some elongated 5 th wave..
those conservative one may sell half to take some profit..
UIC looks like on the 5th wave. 2nd wave travelled for 5 mths, 4th wave travelled for 2.5 mths. If price cuts below 13 MA or the latest 34MA, then it is time to sell.
Caution on UIC... could be in the midst of a trend reversal downwards now.
Approx 15 million shares were bought by Morgan Stanley between 22 Dec 06 and 9 Jan 07 in a series of transactions.
During that period, UIC traded between 2.02 and 2.15.