blokes managed to sell half his holding of umcos at around a .98 average -- having bought originally at .18 average. managed to buy back that stake plus some at .595 .... rolling the trading parcel and profits of that purchase into thxos .... upshot is ive got a few more than 100k of both ... not the largest holding on the board, and i could have had 200k of both with judicious trading along the way .... but if umc gets to $5 I'll be happy enough with my meagre investment.
still trading hindsight is a wonderful thing ..... Im still bleeding over selling MDXOs at .047 thinking that a 150% collect was a good sale for a buy back on weakness. It went to .23 ..... doh!
with umc i dont think a fall back will be an issue this time around .... $1.50 open on Tuesday and straight on 'till morning i reckon. we could conceivably see a situation where the big boys finally start fighting for scrip .... thursday arvo really did look like game on to me.
thoughts?
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