the fact those stocks are moving is positive for UMC. Things NEVER move how you might think ie they do we do. The fact that umc is holding firm is also positive. over and hour or two in and people are not dumping,
it'll catch up. ppl are getting their fill elsewhere. UMC hasn't had the bounce some of the others but all it needs is a spark, and buying in the IO sector will help this
remember that day we went to $1 about a month back....there a looots of ppl on the sideline i think.
the market aint a playground. this is not going to turn overnight.
AGO is producing and BRM is below cash value, there's good reason why they are being bought.
UMC i think has the potential to be worth intrinsically more then both of them but for now we're gonna have to be patient waiting for the second wind buying, if this really is the bottom then the SP will definitely recover to $1 in a month maybe 2.
imo of course blah blah blah
UMC Price at posting:
44.0¢ Sentiment: None Disclosure: Not Held