AceTrader

This site was designed to communicate with friends who share similar interest. The interest in the "free market". Stocks, over the long term, provide the best return on your money. More than cash, bonds and even real estate. Understand that investing is a learning process. We will learn from our mistakes and move on. This is a journey. Enjoy the ride!

Name:
Location: Bayside, New York, United States

My love for the market began in 1987 when I first opened a brokerage account with Fidelity Investments. You know what happened back in 87'. "Black Monday", the market crashed. My initial $ went down fast. Thus began my thirst for the challenge to make it in the market. Although I have science background, my Bachelors degree is in Economics from Washington University (great school). I also have earned an MBA in Finance from Fordham University, New York. Although I am registered as an "investment advisor" with the NASD, any information in this blogger is not intended for any business use.

Monday, July 31, 2006

Utek (UTK)

As most of you know, every other Monday is my chemo session at the Memorial Sloan. Before the chemo is given, they always draw my blood to check if all is good to go. For the last seven months I've been on the chemo, there was no major problem. But today was different. My white blood cell (this is your disease fighting cells) count is below the range where chemo can be given safely. Basically this is not a good news. Doctors want to give me another injection with a drug called Neupogen (by Amgen (AMGN)) to boost my white blood cell count. The side effect? Pain in your bones (that's where white blood cells are produced). Nice.

For the next week or so, please do not call me before 9:00am.
I might even have to skip my daily blogs to maybe every other days.
I need a major rest. The truth is that I have been keeping myself very busy the last two weeks. You should know that I sit on the board of KCS (Korean Community Services of NY). Our annual budget is in the millions. We recently acquired a property where it serves as our head quarters. Because the building is not being used during the weekends as much, we have chosen two start-up churches to use it to establish themselves. Basically, I've been busy and this is obviously having an ill effect on me. I need a rest.

If you have been following my blog carefully, you probably know that I refer to two of our stocks as an "A" students. One is RICK and the other is UTK.
I also said that if any of our stocks will hit $100/shares in the future, it is going to be UTK. I have my reasons for saying that. UTK is growing like mushrooms. It is aquiring new startup companies almost every other week! The hidden value is growing and investors are beginning to notice! Today alone, UTK went up +10% with six times (6X) the normal volume!
Trust me, someone out there knows something.
UTK is $1 away from being all time high (similar to our other "A" student RICK). It will no doubt hit all time high in the not too distant future and then some.
Own UTK if you can.

Just ask yourself, how many stocks are hiting all time high in this market? Not many. These are special group of companies. These are the types where it will out perform the market when the bulls finally arrive. And remember, the bull is just around the corner. Most people just don't see it.
I can smell the bull - it smells pretty good.

2 Comments:

Anonymous Anonymous said...

Thanks to you the only thing I can smell is Korean BBQ.....mmm....Korean BBQ....mmm. Soo good:D

11:03 PM  
Blogger Jaewoo said...

rajeev:
Where do you live?
Do you have a blog too?
Advise.

10:21 PM  

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