Far East Hospitality Trust - Insiders in action?

I am not sure if you read my post on FEHT on Monday. The post is here.

Here is the updated chart at closing today.

The stock moved up strongly on Monday and 3 initiation research reports came out this morning (Wednesday)!

Goldman Sachs came out with a Neutral report and a 12 month DCF target price of $1.02

OCBC came out with a buy and $1.14 target (1.08 fair value plus 4 cents dividend)

DBS came out with a buy and $1.10 target.

You can see that the prices ran on Monday. Remember my posting on the importance of closing price? So did the price run because of the F1 news announcement over the weekend or did it run because of insiders who knew about the research reports that will be released today. 

Imagine you receive the reports this morning and put in a buy order expecting the prices to continue to run but as you can see, the prices fell in the morning instead and even fell to a low of 1.01. Why is that so? Those 'professionals' are probably short term and dumped the stock on the new buyers but amazingly, the price came right back up to close at 1.03, which is good for this counter. We shall see how it performs in the longer term.

Today i put in an order to buy a counter for SRS but missed out by one bid and the prices ran. Anyway, i will wait patiently for it to drop again but i will share the identity of this counter with Friends of Mr. IPO. Just click on the "exclusive for friends" tab.

The research reports are enclosed for your reading pleasure but i will need your help to increase my free storage so that you can continue to enjoy them. If you can, please install drop box on your iPhone  iPad or computer using this link. Much appreciated.

Happy SRSing.