UMC
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0.00% $1.30 united minerals corporation nl

umc likel to fall again this week

  1. daytrader150
    179 Posts.
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    06/07/08
    23:15
    Post #: 3956031
    UMC will go down again this week...high oil prices will make it too expensive to produce ore and this reduce confidence in small ore stocks...

    Expect it to fall to below $2 again before JORC ann...given volatile market - accumulate around $2, price is currently too expensive....

    US market was closed to due July 4 but FTSE market down on friday...expect ASX to drop again this week

    My opinion...
    UMC Price at posting: 0.0¢ Sentiment: ST Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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