A quick arbitrage opportunity
Saw a potential quick potential arbitrage opportunity today on UE. As posted earlier on, UE showed good strength and was trading at $2.68 on Friday. Today's morning, I saw opportunity to buy in the market at $2.56-$2.58. On top of its earlier strength shown on Friday, market was not that bad enough to cause it drop by 10 cents definitely. I feel that this is due to mis pricing from the market. Maybe the Chng Kay is still asleep and is late for work....but anyway, this seldom happens.
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