Post by
JYBJYB on Feb 16, 2021 4:06pm
Didn't realize
what i was entering here. So much for my retracement theory. Just when I think I'm figuring this stuff out I get humbled quickly.
I need to do ilittle more studying here as I am familiar with the sector but apparently don't know Jack about Denison.
Good luck everyone
Comment by
69Z28RS on Feb 16, 2021 4:15pm
No need to think anymore...you have entered Bizarro world...just buy...what could possibly go wrong..
Comment by
RayDonovan78 on Feb 16, 2021 4:22pm
Good luck to you too, DML is just gambling right now, there is absolutely nothing that justifies the recent run-up. Check back 30-60 days. There are alot of good stable companies that pay a great dividend.
Comment by
autofocus111 on Feb 16, 2021 7:21pm
Ray Not necessarily. This could be pure momo trading, but the moves could also be signaling that an acquisition or JV is in the works. DNN is greatly outpacing the other U names, so it's not just a speculative run on the sector. DNN has seen price/volume spikes before (I'm talking post-Fukushima), but none of those had the magnitude of the present move.
Comment by
RayDonovan78 on Feb 16, 2021 8:42pm
Time will tell 50-60% of trading has been short volume over the last 30 days.