"I see on another io thread a few UMC supporters lapping up the fact that theirs and others downramping has resulted in a collapse of the sp and a lot of smaller investors are taking fright and dumping their stock."
There is a simpler explanation: 1. The original rampers have been taking their profits off the lambs who followed them to the slaughter.
Has anyone seen warnie lately??? Thought not.
2. Traders are getting bored, as they realise that results from assay labs take a long time to come back.
3. It is better to promise and overdeliver, than overpromise and underdeliver.
It's not nice to see people lose their money - but without a strategy most will fail. Buying and hoping that someone else will pay more after you is not a strategy for success. Warnie had a strategy, and I think it works.
JoelShanShan
UMC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
