Probably because the big money just got 7% of the company at $1.
If people expect $3-$5 for this stock every extra share the raider picks up at $1 is a bonus I guess.
I guess once the stock pickings get exhausted at this level we will go up another 10-20C to allow people to start dumping again. Problem is people havn't finished at these levels yet or it seems that way.
Very green to all this, have learnt alot over the last year of how everything works. And will add this to the learning curve
I averaged down my holdings to a $1 so what happens, happens.
Cheers
UMC Price at posting:
$1.06 Sentiment: None Disclosure: Held