A lot bought into UMC on the breakout on the charts and also sold like i did when it broke support.
Protecting your capital is the number 1 rule when trading.
A very hard lesson i have learnt about stocks is don't fall in love with them - just trade them.
I will re-enter UMC when the chart is looking a lot better.
Next support is $2.20 and if that fails $2.00 should offer solid support.
Cheers
people selling to cover losses elsewhere, page-27
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