No price chart goes straight up without pull backs.
We have seen approx a 150% price gain from the lows, and a pull back of approx 20% from the highs. This backfilling gives both would be buyers and would be sellers a chance to appraise and execute their preferred positions.
I remain in the market at low 9c having taken some money off the table at 11c. I am a long term bull on PDN but can no longer dismiss 100% return in a couple of days and not take some of it. Each of us play differently.
Ultimately, the uranium price trend will determine the SP trend. I believe it will take a couple of months above $30 - $35 per lb to generate any genuinely sustainable price floor and interest in the miners. This is possible, but is yet to be demonstrated.
Patience is called for here. Long suffering holders will find it easy.
GLTASH
PDN Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
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