URE total share is only about 40 millions.But, the recent trading volume exceeded total volume every so often.The last 2 days last week even increased from 60 to 68 million shares.Not sure, how they could have so many shares traded?If shorts had to borrow shares for trading, once short squeeze happens, it will be interesting to see how will market react!
watch for a restructure-rebalance of the fund due to limited share.
big up or down will happen soon,URE still down over 90%,if management knows how to aggressively trade it properly, URE should test double digits this month,when short squeeze happens, most shorts have to go long to push it even higher
URE was 1 day up, 1 day down since April 30.Monday suppose to go down. If it doesn't, then it may break upward.Let see which way will it go?Date --- price - (change)5/8/2009, 4.16, +14.6%5/7/2009, 3.63, -12.5%5/6/2009, 4.15, +7.2%5/5/2009, 3.87, -7.0%5/4/2009, 4.16, +16.9%5/1/2009, 3.56, -6.8%4/30/2009, 3.82, +0.3%