Thursday, May 16, 2013
Gamuda & UEMLand- How high can they go?
Gamuda & UEMLand have both tested the high recorded in the past 3-5 years. Undoubtedly, both stocks have exciting stories to tell but investors will soon ask the million-dollar question: How high can you go? I think it is a good idea to slowly take profit on these stocks as they inch higher. You can use the fund to invest in other stocks which have gone up less or are trading at more attractive valuation.
Chart 1: UEMland's weekly chart as at May 16, 2013_9.45am (Source: quickcharts)
Chart 2: Gamuda's weekly chart as at May 16, 2013_9.45am (Source: quickcharts)
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, UEMLand & Gamuda.