Stocks discussion No.9 - 2007

SET took out previous high last Friday (21 Sept. 07). Today it goes on moving up (update on 24/09/07).

SET: brokeout 800 again. Kids go back to school. Fund managers are back from vacations. Now it is time to make some profit for the year.


STPI has moved up 235%
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: