UMC 0.00% $1.30 united minerals corporation nl

producer..explorer..rock chip collector....

  1. 6,316 Posts.
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    Thought i would do a few price comparisons to see where UMC fits in the scheme of things.

    Unfortunately, i am still not Chart friendly with how to post a Pic. Therefore, i have included the URL for you to copy into the address bar if you want to have a look.

    Have chosen 3 companies.

    BHP - Producer
    UMC - Explorer
    FMS - Rock Chip Collector

    On a 6 month timeline UMC wins hands down.

    http://finance.yahoo.com/echarts?s=UMC.AX#chart9:symbol=umc.ax;range=6m;compare=fms.ax+bhp.ax;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

    UMC grew approximately 145%
    FMS grew approximately 80%
    BHP grew approximately 00%

    The last 6 months has been a fantastic growth period for UMC as more news had been added along the way.
    However, things do change.

    On a 3 month timeline UMC is not showing the same growth phrase that it had shown in the first 3 months.

    FMS grew approximately 45%
    UMC grew approximately 40%
    BHP grew approximately -10%

    http://finance.yahoo.com/echarts?s=UMC.AX#chart10:symbol=umc.ax;range=3m;compare=fms.ax+bhp.ax;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

    Lets have a look at what has taken place over the last month.

    FMS grew approximately -3%
    UMC grew approximately -7%
    BHP grew approximately -4%

    http://finance.yahoo.com/echarts?s=UMC.AX#chart13:symbol=umc.ax;range=1m;compare=fms.ax+bhp.ax;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

    OK!! Do we have a problem here?
    All 3 in negative territory with UMC down the elevator the fastest even with an initial Jorc added to the collection.

    Is it just general market sentiment or something more sinister?

    The last 5 trading days.

    UMC down -13%
    FMS down - 5%
    BHP down - 2%

    http://finance.yahoo.com/echarts?s=UMC.AX#chart14:symbol=umc.ax;range=5d;compare=fms.ax+bhp.ax;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

    It is blatantly obvious that UMC has been hit by far the hardest in recent times. I can understand the Fear factor in the market and for good reason.

    However, this is far more than just a few traders exiting.
    Who is orchestrating these "Bots" to wreck havoc on our share price? More than likely someone that is wanting to get a very large slice of UMC.

    A lot of small trades again have gone through this morning.

    Unless this type of manipulation is stopped, we could be heading down further. Whats the answer? Report it is one way. However, they will be back. I hope that UMC Directors have a game plan in the event of a T/O.

    We need that announcement sooner rather than later.
    Otherwise, UMC is just playing into the big boys hands and there is very little we can do about it.

    I didn't buy into UMC to see this company taken over for peanuts.

    Cheers markco2
 
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Currently unlisted public company.

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