Well I first made the outlandish sub 20c prediction when sp was trading around 35c. It doesn't fill me with joy that the prediction has come through as I'm sure a lot of you are hurting right now. I was also a believer in the stock but like those flip sunglasses/prescription glasses I had to lift the rose tinted lenses to reveal the technical lenses and it revealed a sell sign.
As for looking for a low, there is actually a gap from March 2009 down around 11.5c. I never thought it would get filled, and it still may not, but with the downtrend in full force, I'd be looking at a low to form around 15c or lower.
My big concern with this stock is the low grades. I also think the uranium price is gonna be in the doldrums for a while yet so definitely see no rush in jumping back on board this one.
ACB Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
