That's good to know.
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As I have written a few times, I mostly play on price action, but diligently look at fundamentals. Posters like you fill in the fundamentals, and I really appreciate the effort.
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Reason I am waiting is that I have had 2 play from mid 2s to mid 3s in last 6 months or so. I wanted to see whether the breaks that are happening to get over 4 are sustainable or not. Till now there have been few attempts, but it has come back. I assumed that there is no immediate strong price driving announcement to happen, so even though technically it is trying to get a break, at this stage it is not able to.
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But there are few good things that have happened:
- It looks like 3 is good hold even for bad days. Few times it has dipped, but has come back soon above 3.
- Few months back, most mundane play was happening around 2.4/2.6. Currently 3.3/3.7 is major. So that's a good improvement, making home roughly 40% above its previous home.
- There are some big, committed players who are now playing this. The rise from 3.2 to 3.7 in last one week, was mostly driven by some big buys, those buyers held any sells and continued up. So to have someone big is always positive.
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The down part has been that no breaks that have been sustainable. This week couple of announcement, one price sensitive, but not enough for a break.
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Regarding your thoughts around May/June, that suits me perfectly, and I hope it plays. Currently all my attention is in Uranium play where its making waves ups and downs, maybe sector has made a bottom - no confirmation though. But if it has, previous trends mean it may make a top in later part of May. So that may suit me well. Of course, both the things have to go as planned. No guarantee, we play odds. But I am keeping a close eye, watching every day, most of the trade, so am just hoping that when the time comes, I don't miss it. I wish you well. I have always admired the in-depth analysis that you provide. All the best.
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