UMC 0.00% $1.30 united minerals corporation nl

egg on face, page-32

  1. 3,488 Posts.
    lightbulb Created with Sketch. 856
    westcott,

    i hear what ur saying.
    i totally understand loss tolerance levels and hard earned cash concepts.
    having said that, despite the worlds best research, if u invested in UMC 2 yrs ago, u took a big gamble.
    it was a speccie.
    maybe they find sumthing, maybe they dont.
    prob not the best place for hard earned dollars.

    i dont want to harp on about this, so i guess the best way to sum it up is to say that its no use trying to catch a falling knife.

    if a company has strayed off course to ones expectations, then one is best to cut loose, minimise ones losses and invest ones salvaged capital into other stocks/investments to try and get it back.

    in effect thats whats happening anyway.
    except instead of moving on people continue to hold in what they may believe to be a bad situation hoping it will turn good.
    at least thats how i read it when people talk about missed opportunities.
    stop missing them, sell UMC and take the opportunities...

    at least that is what i would do.
 
watchlist Created with Sketch. Add UMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.