Monday 13 April 2009

Bank stocks and SHUAA and UPP (Blog)

Obviously there are people who have made good money trading shares or buying and holding (and then hopefully selling) UAE banking stocks, SHUAA, UPP, DEYAAR, and othes lately.

Many stocks have gone up recently and fast.

One thing I will bet on is that not many were able to catch the big gains in the various shares. Also, not many caught the recent floor in prices, and held shares for substantial gains. It is also a sure bet that those who did catch the recent lows in prices will not sell until prices collapse 50% or more.

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