Columbia,I disagree that this share has had a 'flogging'.If you...

Columbia,

I disagree that this share has had a 'flogging'.
If you think that - then you are worrying about the wrong thing - or you are risking too much.

From a simple charting perspective - we have had a retracement to $1.17 which is 38% of the recent rise (72cents to $1.50). A retracement is good for long termers - a spike isn't.


Simple Question: Do you believe the Ocean Equities report which says that they will ship at least 1Mtpa per year?

If you don't - then why are you in UMC?

If you do - what profit do you think the company can generate selling this small amount on the spot market?

Joel