2009-05-14 FCE/A & UCBH

Today, Forest City anounced to raise caiptal through selling shares around $6.5. Share priced dropped 15%. Investor don't like dilutions. I don't like too.But I bought some shares more at 6.2. I am still like Forest city long term. They generate huge cash flow through their apartments , office buildings and retail rents, just like LVS.Once it get refinance working out, it will be $50 stock. I also bought some shares for UCBH. UCBH has a Tier 1 ratio 13%, well above 4% min requirement. The most important factor is UCBH is partner with China Mingsheng bank and also doing buiness in China. It will be a good candidate for Mingsheng purchase to enter U.S. market.