The price of UBS approached my limit to buy to cover yesterday. The low for the day was USD 29.25; my limit is USD 28.91.The German-language newspaper CASHdaily had an article saying that JP MOrgan estimates that UBS will have to write off another CHF 18.5 billion of bad debts, which will make a second cash infusion necessary. Another possibility would be to split UBS up and sell some parts, according to Andreas Venditti, analyst of Zürcher Kantonalbank.
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