ugl is back in town, page-30

Wow, 18% in one day - good job!

I am not as pessimistic as you are re OS markets (Shanghai being the exception). It seems to me that market is at historical norms at current levels. Therfore +/- 10% seems on the cards and 15% at a stretch. We may revisit 3800, but we may hit 5000 in a few months.

I am happy to have taken profits on UGL. There was very little doubt in my mind when I bought a few months back in mid $9's that it would have a relatively quick run to $13.50. I made a little over 40% on this baby! I am also quietly confident on FGL over next 6 months, infact, 7.5% div over 13 months sounds good to me!

Cheers!