Can you believe it, the biggest property player is taking control over another. I was surprise that UEMLAND made the move so soon. Yes, UEMLAND is taking control of SUNRISE in a RM1.4 billions deal. As we knew, there are an online community is buying in SUNRISE in the early of last month, as they foresees the future potential earnings and low PER of it.
As we can see, the SUNRISE volume is building up since the released of some positive news on last week. Unfortunately, I didn't managed to grab any of it, as I thought the price might rebound back to RM2.16 (a support line here) for the past 2 weeks.
Well, sometimes it is just a matter of luck and decision making, I admitted it is my mistake in making a decision of buying lower price here. I feel like I was tried to save RM200 but end up lossing the opportunity to gain RM2,000. And of course, sometimes, technical analysis may bring you to Holland.
Congratulations to those who managed to absorb SUNRISE shares as next Monday it will be trading at around RM2.80. What a good short term profit!
One of Sunrise property projects in Mount Kiara.
Well, this is what we always see the companies are doing when the market is good. So, how long this bull trend can sustain? No strong correction yet? Most of the people are already making a lot of money from stock market? Hey, US and Europe are just started to recover and Asian market is going strong! Perhaps when you hear the aunties are start to buy shares, then you may want to think about 'sell'.
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