I bet on short term volatility, wouldn't we all if we were hundreds of millions "Balls In" deep. It won't be an easy one, the whole year I anticipate gyrations until the spot strengthens above the utility contract renewal price above $80 and beyond. All the news and US push is great for the sector...but the spot over the long haul will drive the SP up further.
Think about it, we had a huge sell of when DeepSeek was announced as it dented the so called AI thematic and bubble and then trickled into long term power demand issues, I mean that was a ridiculous reason to sell off, but goes to show how delicate the whole U sector is.
A sneeze about AI, A sneeze about nuclear issues or any sign of negativity to the long term thesis and we sell off. Add in the shorters who love to compound these losses and it will be a nice day to be in the U space without the massive short manipulation going on a day to day basis.
BOE Price at posting:
$4.14 Sentiment: Buy Disclosure: Held
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