UMC Stock Forum

Alex Tee : Ready to take off again

Zaclim OP Alex Tee : So far only $MI (5286.MY)$ jalan abit

JustDoIt : UMC just reverse few days then coma again

Zaclim OP JustDoIt : Some reversal need abit time. Example like $GENETEC (0104.MY)$ reversal then pullback. Yesterday got abit movement after pullback for weeks

JustDoIt Zaclim OP : Any target price for UMC in this reversal?

JjTern : My take on it is that the stock is not traded as much as other stock is, lacks volume and interest.
Even if the financial report is good, there are tons of stock listed in bursa that are getting more attention than this stock.
So if you believe in this stock, you will hold on to it.
Don't let the long wait be a factor for you to determine to hold or sell. Not all stock are like Apple that is actively traded every second the price is changing. Every stock have it's own risk and characteristics, high PE stocks are expensive to get in and the spread are not so volatile, on the other hand low PE stock are cheap to buy, and the spread can be very volatile (the company might collapse or the company might be the next Apple).
Not every stock once listed will perform up up and away, share holders sentiment and trust might fade also.
So, if you bought the stock back then, I'm sure you have your reasons for buying it. Ask yourself if you still believe in it.

JustDoIt OP JjTern : Super well-said and can’t agree anymore. Your explanation is simply excellent.
I plan to hold for longer period, I buy this stock more on invest instead of trading. What make me not so happy is that it shows downtrend for quite awhile, however, like what you said, I still some faiths on it, so will continue to hold and see how it goes.

Dave Rave : Let’s go 0.64

Ryugentrades OP : Market is pretty negative today. Although some hit my entry price, best to monitor or if risk taker may want to enter in smaller volume. Low can always get lower.

ZenZiDeR : Hi, I have checked your comparison of the 20 small cap. The thing that I don't understand is that your comparison is in "day" and some criteria is in "hour" which I felt isn't suitable for small cap because small cap is about future, potential and growth. I think it should be compare in term of potential, market capital, influence, competitor and odd of success

Ryugentrades OP : Ya I agree. Really depends on what works. There is no silver bullet to analyze and decide on stocks. I use mixture of daily and hours as the daily serves to tell me the overall direction of the stock, whether uptrend or not, with price above sma daily will be worth to look at. While other indicators will be shorter timeframe as I prefer to see it from other view other than what most will see. Hopefully catching trends earlier.  Also I now move towards technicals rather than fundamentals. Fundamentals I take it that the 20 listed by RHB is a good filtered list for me to then shortlist further. So I leave the fundamentals to the Investment Banks and fine tune for my own criteria. Hope it makes sense.
I continue to see what works and what doesn’t.  Keep on learning as I trade the markets.

ZenZiDeR : I'm currently also looking at potential small cap company to gain the long-term growth. Small cap has higher chance of going bankrupt when compared to established company. I'm currently surveying Karex since has strong history

Ryugentrades OP ZenZiDeR : Karex chart looks interesting. Pullback to fibo 618 level and now consolidating. Once push above 0.90 with volume could signal further upside.