Hi bungy,
You could be right that daytraders have been absorbing the stock but it is hard to tell. We have not have many day traders on UMC so far, as the liquidity of the UMC share turnover is just not big enough.
So maybe its not all that bad, many holders like myself have probably topped up and I will top up again if the price drops even more.
Those who have followed this stock are well aware that holding will be the best strategy and will give us the most returns, this will safe guard us from the day traders imho.
jojo
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Hi bungy,You could be right that daytraders have been absorbing...
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