Estimated C point (top, 50% retracement) on daily swing chart at 0.098. URZ, Cameco, down around 8% each at the moment. DJIA down too. Some big gains and big losses to be made. In all honesty I see uranium (and to a lesser extent, the market as a whole) to be quite a gamble at the moment. Hope those holding PEN get the lucky 7, and not snake eyes!
I'll wait for a higher bottom on my swing (testing out a new trade strategy) before I join in. True, I may miss out on some great returns, but I enjoy sleep too much, overnight exposure is just too risky for me in this market.
PEN Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held
