"Sector shakeout OR sector encumbered in total bear phase. URA is nearing new lows. DNN, URRE, UUUU at 52 week lows. URG heading back down along with URZ (its PPS now trades relative to UUUU share price.)
Looking at the charts, it appears that these companies are all testing those lows and possibly are heading lower. This is what I already expected to happen when I warned about it the latter part of last year. Personally, I expect that this will be a shakeout IF Japan really does start some plants in a couple of months and supply is dwindling due to lack of production. I have no proof as to the supply situation and remain concerned that Japan and China could be holding huge supplies that continue to hurt uranium pricing.
Thus, if Japan does not restart more than one or two plants in near future and supply is not constrained, then all of these uranium plays will be much lower by mid summer. URG drops to .70, URZ back to .80s with UUUU in the lower $3s. URRE will be under $1 . DNN could tank and hit .60 or upper .50s. CCJ will likely hold up the best on a percentage basis. Cannot understand UEC as it should already be back around $1, so I suspect it could take the biggest hit of the group. Will likely have to look for positives going into fall."
Ouch! Boy, commodities pressure making it worse than I suspected. URG now getting ready to test .50s. URRE well under $1. DNN at 44 cents now. Are you kidding me? Look at FCUUF - what a deal! The URA just hit another all-time low. CCJ at its low again and ready to find a new bottom??? We are talking a 10 year low getting penetrated. This is serious!!!
I dont think this will drop to 40's unless there is a dilution.
50's should be the bottom........most retail must have fled by this drop from 1.07 to 60 .........few more left - once they are driven away back it goes to 1.
Vine, you have been generous. Waiting on your post Welcome to the 40's! I am disappointed in myself for being so stupid and naïve in buying this turd. But we should all remember jetty and the pros here said we will be at 5.00 by the first of the year. So i'm not really worried. Right!
I may just be a bigger loser next week if I can clean out the couch and find a few more thousand dollars. I think this whole selloff is way overdone. Producing 200,000 pounds a quarter with untapped properties? We will see shortly by mid August, now won't we.
must have crossed the 10% ( or whatever) limit to get nominated on the board........lol
yay we have a board member amongst us ......ha ha ha
hen I saw 4800 shares take this down 4 pennies to .61. If you think about the float and the market cap you realize what a disconnect is happening between the market and the intrinsic value of the company. It sure makes it easy for me to sit back and just let it unfold. The gulf between reality and the stock price is now so huge as to be laughable. Sit back and enjoy longs
Don't ever read Seeking Alpha. Just a bunch of Series 7 failures that couldn't become Advisors/Analysts. They should stick with car or cooking appliance reviews instead.
Not Cinny, Red Sox Maybe, but not the red. I'm holding the Bag also. Heading back to Ohio next month & hope to take in a game while There.