MISSION STATEMENT: Stock investors can make money by careful investing. It is the mission of this blog to share stock investing knowledge and ideas so that we can all benefit from the stock market.
ABOUT
I am a remisier with a local Singapore stock broking house. This blog was set up as a personal endeavour for all stock investors to share their knowledge on stock investment, be it on Fundamental Analysis (FA) or Technical Analysis (TA). The combination of this knowledge would be FATA (发达）, which means to prosper in Mandarin. It is my sincere wish that members will benefit from this sharing of knowledge and prosper. For many of us, we need to make our money work harder for us so that we can have sufficient for retirement. But at the same time, be careful about your investment. As Warren Buffet said: "Do not lose your capital". DISCLAIMER: It is important to state here that this information sharing and discussion is purely for that purpose - sharing and discussion. This blog was started in good faith by the administrator, but all investors should take personal responsibility for their stock investment decision. Neither the administrator of this blog nor any of the contributors to this sharing/forum will be responsible for any loss that you may suffer as a result of your investment. You are advised to do your own research before making any investment decision. It is also important to state that inevitably, there will be stocks where the administrator and/or blog members would have an open position (or interest) in. This is inevitable as surely we would "put our money where our mouth is". In no way does it mean that we are soliciting your support to "pump up" the stocks as it is totally your choice whether to trade that particular stock or not.
Two days ago, I mentioned that UCO had "gap-up" from 9.62 to 9.72, and that it will likely close the gap in coming days (see the previous blog). Indeed, today, the UCO has moved down to close the gap, going down to a low of 9.61. I had just bought more UCO at 9.66. If the bulls are still going strong on oil, then the UCO pricing should be well-supported above USD9.50.
After my posting on the 29 April 2015 saying that UCO would probably break up above USD9.50, it did indeed break out on the 30 April 2015, closing at USD9.76. For the last few days, it continued to be well supported by 9.50, and today it opened "gap-up" at 9.72 from yesterday's high of 9.62. It hit a high of 10.25 today. With a "gap-up" between 9.62 and 9.72, it is likely to close this gap in the days to come. As long as it stays above 9.50, this closing of the gap will be a golden opportunity for those who missed out in the earlier rounds to buy and accumulate more UCO stocks.
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