Current Idea - Great Eastern

BUY - Great Eastern (GE) had a strong rally from $13 to a high of $17, with very good volume. This led us to watch it. It has since corrected to about $15 level and drifted sideways. Be prepared to buy if breaks out of sideways trend, cut loss if breaks $14.90. OCBC and GE have stakes in WBL (price has been going up), due to some corporate action lately from Straits Trading. (Do call us if need more information, we'll be glad to help.)