Hi Average Joe........."So does that mean today's rally was...

Hi Average Joe....

....."So does that mean today's rally was short covering?"....


IMO there was a lot more to today's price action than that:-


There was increased volume today.

There was a 50k crossed trade at 840 just after 840 was first hit (only 2478 shares had gone thru at 840 at that stage).

50K offers at 849 and 850 were pulled as soon as 840 was hit.

Technically,the slow stochastics and macd turned up and the trend is definitely up/rising!
Having said that,I wouldn't be surprised if it retested 800 and I have a top up there just in case.


Does anyone know the dates of the North American roadshow? There could be some buying related to that.


And as Harlee has mentioned,just check out that presentation:-

Slide 24....Projected to be SECOND only to McArthur River in annual prodn by 2013.


Slide 22....Already ranked 7th in terms of deposit size.And that includes both Kvanefjeld and Cigar Lake which are presently dead in the water (literally for Cigar Lake!).
And of course Rossing South will become much larger!!


Slide 25....5th largest annual prodn of all major uranium COMPANIES (not just miners).


As far as I'm concerned any shorts can either burn or defecate themselves!!


I'm here med/long term.


Cheers all!