Nah if the fundamental outlook changes there is nothing these...

Nah if the fundamental outlook changes there is nothing these traders can do. But we need facts - higher spot prices, new contracts at higher prices, actual Nuclear start-ups and new demand for Uranium (not that Japan will need any for quite some time with their 2-3 year stock piles). Traders can play games with it now because the future is uncertain. PDN has upside but also lots of risk so it would always be a seesaw situation until things are more certain. The seesaw is just exaggerated by traders. All U stocks (apart from those who's charts still look exciting) are down this week, not just - heavily traded - PDN.

Traders take advantage of the fundamental situation, but can only influence SP in the short term.