Initial Purchase of United Industrial Corp

After considering all factors, I decided to sink in ten thousand dollars to scoop up UIC shares. Since UIC is trading around $2.40, the quantity shall be 4 lots.

For record, I got it on 24 December 2010 before lunch break exactly at $2.40. The calculated cost by POEMS’ calculator shown that the net amount is $9,633.64.

This is the amount of money I have to set aside to wait for the show time.

I am mentally prepared to average down if something drastic happen.

However, I don't think it will go down much because the last purchase price by UOL at $2.40 has set a benchmark.