What makes you think UMC will be hit hard??????
Pure speculation!!
UMC is not one of the companies mentioned in any media articles as such. Not like a lot today that have.
MM have not stated that any of them have margin lending against any UMC stock or if so that it is indeed with Opes Prime.....They have not put the company into a trading halt...
No doubt there are a lot of companies out there but to say we will be hit hard is a wild guess....
Even if we do, we have strong fundamentals behind us and smart money will see it as an opportunity to get cheap stock whereas normally they wouldn't have been able to..
Personally I think we may have seen the low point today!
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