I agree Artsse, in this age of T/A and auto stop losses, 'smart' players know how to sell down to trigger these and then bang buy their lot at much less than they would have had to.
I think many set their stops a little too tight and over trade. Just my opinion of course....the smart players know where these will be (its in the manual) and go about beating them at their own game.
The stop losses triggered reinforce to the players that exited that their trading strategy is in place and they in turn protect their capital...some looking for a re entry...most likely at 'higher levels' some move on to 'other' plays...never to return....and miss the opportunity.
All round some might say its a 'win/win' situation as all parties involved either get what they want or stick by 'the plan'.
The psychology of the market intrigues me.
And yes, I think $2 should be the order of the day by February as you suggest. I still think $2.50 is possible, and I think we will see an announcement/s shortly.
Imo a great buy opportunity has just presented itself.
URA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
