UMC united minerals corporation nl

green today, page-21

  1. 2,238 Posts.
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    You missed my point Pelagic...take this in context of what i did last year. I brought another 100000 umc shares at 60 cents in february 2007 after i sold my house in roxby downs...60000 dollars. 1 week later the market took a dive and umc hit around the 20 cents. 100000 thousand at 20 grand. The share price then recovered above 60 cents. So what im saying in the medium term 2.80 and 2.50 will be a good buy. i wish i wouldve waited and brought 3 lots at 20 cents but if i could predict the market i would be a rich man. Hold on and wait for sub dollar prices but can you predict when the market and umc recovers? September and october will be volatile but watch the recovery take place torward the end of the year. If you brought at prices above 2.50 hold because it isnt a loss till you sell your shares
    We all would like to buy shares at low prices but it is extremely dificult to do.
    pete
 
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