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Uranium Resources, Inc. (URRE) Message Board

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  • alw59saw alw59saw Jun 26, 2009 9:37 PM Flag

    UEC on fire .50 to 3 URRE sellers gone

    Not quite. Take a look at today's daily chart and you'll see quite a bit if selling after 3:30 p.m.

    Selling now is based on the Bloomberg report (6/23) of 600,000 pounds of surplus weapons-grade uranium, with more to come if the US and Russia agree on further disarmament. That has depressed commodity prices and stocks, like URRE, that are based on them.

    Only Comeco gains because of its gold content, which is up on inflation and poor economy fears.

    Make no mistake, fear still dominates this market.

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    • Russel seller dumped 3m he's
      done. 1.70 this week imo.

    • URRE traded right up to its downtrend line and then broke hard towards the end of the day.

      I actually thought da boyz would try to ramp the indexes just before close being end of month and the whoremasters at the mutual funds base their fees on end of month value.

      In any event, there is huge insider selling of many stocks and the internals are breaking down so I expect the markets will start down after this week.

1.60-0.17(-9.68%)May 4 3:59 PMEDT