I would agree with you that the top brass need to sell their shares as compensation and the flume has been drying up quite a bit. However, every time lately that the stock has tried to break out, it gets held back and then retreats to lower level. I want to hang in there because most reviews for U miners and the spot price point to higher returns during 2011.
Just trying to be careful and nimble with this kind of market, which is very volatile. That's all.
Generally, investors are scared to hear insider selling, but for URRE the selling is normal for those top brass whose salaries have been cut, received no bonus for many years. They have been awarded shares and they have to sell their shares as a form of compensation for services (and as a bonus for pulling the company out of long litigation in New Mexico to victory).
This stock selling pressure and volume is dry out everyday. What will be next! a resumption of a rally that goes along with U spot price uptrend. The longer it has been depressed the harder the rally will be.
I never said that wanted the stock to go down at all. However,when u read the reviews that more shareware being sold by insiders and management what does that tell u. That's what is holding the ops down. Plain and simple. U can go out there will all the other longs in your cheerleading skirt and pompous and prop it up, but it wont work as long as these insiders keep selling these blocks. Spot prices going up are not even budging it. The only solution for URRE is to get bought out and the sooner the better.
Excuse me, but this stock started the year at 3.40. This stock has gone down about ten percent or so since Jan 1. Do your dd and get your facts straight. The stock may go up later in the year, but it is not going up now.
Sounds like a few folks didn't do their D&D. This stock went through the roof on irrational exuberance. The company has some good aspects, but the drop in the last few days is a correction that places the stock exactly where traders will pay for it.
Sector wide, stocks got slaughtered this week. I think it shows strength that the stock has didn't get slaughtered as well. I'm even in my position.