Morning Tommy,
If UBS want to trade a few they will push this higher to make their 10 - 15 - 20% whatever their goal.
When Uranium shares have there next leg up (IMO in the not so distant future) they won't sell off for there initial target. They'll hold wait see how much it will drive up and wait for the appropriate time to trade again.
They buy their shares from emotional holders who watch their holdings several times every day and get concerned when they see a 10% drop and sell on impulse. UBS can drive it up and drive it down but they can only do this for so long before the masses stop their games.
Either way they continue to buy in a up trend, some say they are the smart money and they still hold a considerable portion that they don't seem to be trading at the moment.
I'm still expecting to see PDN in the late 60c to early 70c range by the end of the month.
Morning Tommy,If UBS want to trade a few they will push this...
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Last
$12.48 |
Change
0.060(0.48%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.76 | $12.26 | $26.57M | 2.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6286 | $12.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 5038 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |