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Uranium Resources, Inc. (URRE) Message Board

  • cash_back_7 cash_back_7 Jan 15, 2011 3:29 PM Flag

    All "TA" worries


    I checked three "support" lows for URRE and URZ since November run started and yesterday to justify nj's whining.
    Here are the results:

    2.12/2.62 = 0.809

    2.65/2.90 = 0.914

    2.85/3.66 = 0.779

    And yesterday lows

    3.07/4.19 = 0.733

    Lets say we had a blink that will disappear. Check short interest - it is up by over 50% in just two weeks and my take - it was about planned insider sales. Well, they have sold right on the handle, and they could probably get a higher handle next day. Still, we had selling all day long yesterday and price held and if you watched closely you could see a little war. Same with URZ, it just appeared their selling ended little earlier and MM was able to squeeze the price to the upside.

    And on the grand scale it doesn't mean a crap anyway, since this whole thing that started in late November is nothing but a giant handle.

    Having said all above, this is heavily manipulated with tons of shorts. I believe, once spot goes above $70, support will inch higher, assuming they are for real.

    This is super stock for retail investor, who has a gut feel how to play it. Often works like 6x leveraged ETF.

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    • I appreciate your effort to look at the facts. I have noticed that the stock seems to be heavily manipulated a lot lately. I just want the stock to run a bit, and then be patient until next spot to reload. This stock will have ups and downs along the way. All stocks do. I just want the stock to break out like other juniors have recently, as spot goes up.

      Watching and keeping radar honed for next move.

      Glta.....thanks cash back.

2.08-0.04(-1.89%)11:11 AMEST

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