Stocks discussion No.9 - 2007
since our recommendation on 26 April 2007 when it's 3.06.
Now (2 Oct.07) move LPP to 7.00. Enjoy!:)
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To Peter C., --- Below is the weekly chart of UMS. Click to enlarge it and you can see the TA views : )
Peter, I would not like to suggest you to chase. Please look at the daily chart of UMS and my blindly guessed reasons as follows:
(1) Although it took out the all time high on 1 October 2007, the trade volume seemed not big enough. (2) It still has to take out the uptrend channel resistance (AB line). (3)After brokeout on 25/09/07 with relatively big volume (CB line), it kept moving up for 4 days. (4)This long term rally has already pulled up the price over 440%. Usually a stock has this big appreciation is quite toppy. But if you feel really itching, you can use small position and tight stop to chase. Don't play big position at this high price level even it is very fundamentally sound. I do not know how many percents you have made on this stock. It seems to me that your "greed" is defeating your "fear" at the moment. Anyway, you have the final say.
Below is the daily chart of UMS on 9 Oct. 2007. Click it to enlarge and see the comments:
Labels: Stock Discussion