RE: RE: RE: Mini Rally Hi Arielpls:
Yes I agree Friday was very positive. For me a close above .19 will confirm a new trend has emerged, but we may be too early for that since the U price is not cooperating yet. We would need our banker friends to create some major hype, so enough people notice the value in EFR, for .19 to be taken out. Let's see what develops next week.
The problem with these banker/analysts is, half the people listening to them are daytraders. So you get a nice move up, but as a week goes by and the stock does not perform to the daytradre's expectation, we get a bunch of people selling (and then bashing the stock on this board), like our friend did the other day. My personal feel, we will not get to break .19 on this run, but we should be off our 52 week low for good...
In the grand scheme of things, everything is moving along as expected. There should be a few Japanese reactors coming online this year, and the Russian deal will expire in about 6 months. Both events will kick start the new bull in U prices...
Bankers/analysts are the first to appear on the scene, after they have positioned themselves in U stocks at the lows, and are beating the table getting the message out. The hype they are creating is absolutely essential, for the masses are being informed of a U bull emerging. By the time the news is fully out and the average person (and their mother) become aware of the U Bull, you and I will be selling our shares to them... Possibly by end of 2014.
Just my opinion, and I have certainly been wrong before, please do your own DD.
Simply