The wrong switches – UTAC, STATSChP
For chip testing, i always switch between these 2 stocks, but i’ve been making wrong switches since years ago…… so much potential profit slip away…..
Wrong Switch ONE : i got UTAC around 50 or 60 cents, wait for months before it hit 70+, during that time stats is kind of lagging so i decided to switch to stats, which is around 1.110 – 1.160. After a few days or weeks, UTAC shot all the way up to more than 1 dollar which stats remain lagging, i got a chance to sell it at 1.400 but greed stopped me.
After that both of them into correction period where UTAC retreat to 80 cents and stablised while stats drop to less than 1 dollars. I start to collect some UTAC from 79 cents, then average down to 73 cents, etc while holding my stats with paper loss.
Wrong Switch TWO : while stats raise up to 1.300+ i quickly clear my position on that with some profit as i think stats is just too lousy, from the surface and from the annual reports if compared to UTAC. After awhile stats retreat back while UTAC still hanging at the 80 cent range, i smile and think i make a good decision that time as i put in the money from stats to UTAC again. But stats had a good run together with Chartered after awhile, the run is so strong….. up and up even recent crash also won’t affect it much. Still remember during the wed, stats drop more than 0.10 and back up to +0.01 while the rest of stocks in a pool of blood, the buy up is so strong(although it end with a loss). Only the second day Tamasek release news that it wants to buy the remaining share of stats, at an 18% premium wow…. after it resume, stats jumped to 1.80+, that will be so so so good if i’m still holding that.
UTAC is kind of stable now, hopefully it can form a strong base at 90 cents before it hit the next target, i would say 1.13 then 1.3 (just pick from the sky).
I think it is reasonable for Tamasek to take over stats, then do a merger with UTAC, then de-list stats. This can combine strength of two companies and give exposure and extra market segment to stats. In this case, Tamasek will hold CSM + STATSChpUTAC, win win situation with great market share.
May be this time i should stop making any switch and wait for the merger LOL.
