brain dead selling , page-5

Well said Daytrader…

There are now too many people in this stock for short term gains. The sharemarket is driven from investor sentiment/risk. Sentiment is poor at the moment, hence the reason why so many stocks are falling as people are looking at more safer investments (blue chips, large caps). How many of your favourite spec companies have taken a beating at the moment? Most of the specs that I have been looking at are in a downtrend, which means that people are a lot more adverse to risk at the moment where you don’t have that high influx of new money coming in.

Take it as you will, you cant ignore wider market sentiment and its impact on share prices especially on the spec shares. Spec shares are always the first to fall and always the last to rise. UMC is still a spec until they define either a FE or Bauxite resource.