Thought i would do a few price comparisons to see where UMC fits in the scheme of things.
Unfortunately, i am still not Chart friendly with how to post a Pic. Therefore, i have included the URL for you to copy into the address bar if you want to have a look.
Have chosen 3 companies.
BHP - Producer UMC - Explorer FMS - Rock Chip Collector
It is blatantly obvious that UMC has been hit by far the hardest in recent times. I can understand the Fear factor in the market and for good reason.
However, this is far more than just a few traders exiting. Who is orchestrating these "Bots" to wreck havoc on our share price? More than likely someone that is wanting to get a very large slice of UMC.
A lot of small trades again have gone through this morning.
Unless this type of manipulation is stopped, we could be heading down further. Whats the answer? Report it is one way. However, they will be back. I hope that UMC Directors have a game plan in the event of a T/O.
We need that announcement sooner rather than later. Otherwise, UMC is just playing into the big boys hands and there is very little we can do about it.
I didn't buy into UMC to see this company taken over for peanuts.
Cheers markco2
UMC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held