I think there is a chance that sp could drop below 1.53 and stay under for at least a month. I understand SP has dropped a lot from 26 1.5 years ago, sizeable CR involving retail investors often lead sp below the cr price after cr is completed.
How low can it go before the up trend? I don't know, it depends on the general market and uranium prices. Some posters here talked about 0.99, I am not going to disagree, as my math model does have a few scenarios which can lead sp there or even lower. But I wouldn't say it is probable, and will hold and wait for Mr market to show its hands.
I don't fear the sharp and fast drop, for instance if sp dips below 1.5 in next 2 trading days, I will treat it as a good trading opportunity. It is the slow drop I fear the most, such as toe 09-10 style.
I am a trader and investor trading long-only positions, I don't trade shorts or cfds, so please don't take my post as down-ramping. I am only expressing my personal opinion, and please DYOR.
ERA Price at posting:
$1.67 Sentiment: Hold Disclosure: Held
