The shareprice has now broken decisively below the uptrending support line as mentioned recently. New lows are now a fait accompli as far as I'm concerned. There may be a bounce from the obvious support level of the the low at 16.5c but double bottoms don't rarely end trends.
The gap from March 2009 at 11.5c should be filled while looking at the longer term monthly and yearly charts the stock is still in longterm downtrend so I give it a good chance that record lows below 8c will be made on this stock in 2012.
And that's the way the cookie will crumble.....as far as I'm concerned.
Still bullish uranium long term however.
El Capo
wow...., page-12
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