TA is not in play here, FA and the brokers need to buy back after one of the worst calls I have seen in years, so here it is as I have been recording all trades volumes trade sizes and amounts of trades and share movements in the ETF URA holding, this is how you do it, not looking at some stupid chart, you record the numbers and work from there, also go within and feel the energy vibe.
The URA added around 5.5million shares at a average of 14 cents a share starting from a holding of 55,843,420 to a high of 61,295,199
They then sold down to 53,933,411 all in one hit in the end of day auction from last traded price of 9.4 to all sold at 8.4 cents.
They clearly tried to collapse the share price for pure greed purposes but did not buy back when the share price was trading in the 7 cent range, other than small amounts of buying and some selling to get the price lower, that is when it was clearly a buy as they were not willing to dump in large amounts, and it was clear that any large buys by other investors like me and my family would force them to start buying back, yet there greed and what I consider to be pure stupidity stopped them from buying back what they had added at around 14 cents a share.
They now only hold 56,918,705 after buying yesterday at 10.25 and mostly 10.5 cents from a previous holding of 56,223,990.
Remember, all of these shares they are buying they sold at 8.4 cents after paying a average of 14 cents.
The light won and the dark lost, and it cost them a lot of money and even more if they want the other around 4.4 million shares back to there previous high holding, the rest of there holding was purchased at a average in the mid to high 20 cent range, most at 30 cents a share that happened in the end of day auction a while back.
Now with a very strong FA with overdue milestone news like drilling approvals offtakes financing drill results pilot plant results and rising Lithium and Uranium prices, it is no wonder they are taking the loss and buying back.
Expand
