Lexiconfs Always look on the bright side of life. Provided we dont have to sell there will always be another opportunity for the stock to come good. At the moment Im cashed up but I am nervous about selecting entry points. I have recently bought a number of stocks seemingly cheaply but it appears there could be more downside due to the market turmoil.
It could take a year or two for the markets to come good. If there is any downturn in China it could be a rough ride for 5 years. I certainly hope there is no bad news from that Quarter. China means more to OZ than anywhere else and if China continues steady growth we will be somewhat insulated from some of the economic turmoil caused by the USA.
Cheers Sav
UMC Price at posting:
$1.27 Sentiment: None Disclosure: Not Held