drumnutt.... very wise to take profits. I sold about half today (just after open)at below 14.00 to buy the share i mentioned above... namely FGE. It(FGE) rose 18% today and 12.5% from the 60c i paid to get some. Was not able to leverage which is a pain. Will UGL hit the 16.00 some analysts are advocating? IMO depends on timeframe. If UGL still at these prices 'ex-div' i would advocate taking profits.How much is up to each individual and his/her circumstance. I have no doubts re UGL fundamentals. its overseas mkts i worry about. No-way am i convinced their problems are being solved.
UGL Price at posting:
$13.90 Sentiment: None Disclosure: Held