I am excited about UMC. It’s been 2 years of it being down by a dollar or more per share, and I just held on and now it has finally hit its stride. The new technology that they have now is going to be great for the company. It’s a perfect niche stock. I’ve held it since my first investment day and it’s been a minus number the whole time. But over the last few days, it has been noticed and it has started to climb. It was a little under 8 dollars per share when I bought in and it has just gone up to over 12. That makes me happy.
Now whether or not it will continue is anybody’s guess, but I am glad that I stuck with it for such a long time.
For my future I am waiting for something else to come along. I have some money in my ready cash to invest so I can make the move as soon as I decide. I don’t want to do anything impulsive. Or I may just put some into those stocks I already have. But for the time being I am just going to wait and see what happens.
I realize that I have said that before and then jumped on something or another, and I know I am anxious to get some Clorox, Colgate-Palmolive and Church and Dwight. They are pretty solid companies, and they don’t really change much. Technology is just not in those industries, but they are pretty much products that everyone needs.
I really can’t expect much growth from them, but I guess they do have some dividends. That would be ok I guess. But not yet. I want to see what else is happening.
