UOL

UOL: the stock has surged by ~14% over the past wk, from the $4.20 support to $4.79 at last close. This comes on the back of small but sustained open market purchases from significant sh/h, Wee Investments. We note the unusual 11.4m share volume (~1.5% of shares out) transacted on 15 Jun, accompanied by a spike in share px. No announcements have been made yet, but this could signal significant corporate action in the near term, particularly if the buyer turns out to be Wee Investments.