Energy Fuels Ord Shs T.EFR

Uranium plays are dead

[Unicorn9000]

Before they were even alive.

everyone is leaving U stocks now.
I guess spot price doesn't really reflect the true value.
it only went up so fast because companies are hoarding the materials but it can also be flooded with if SPUT decides to unload them.

the play is dead

[MightyMorf]

A lot feel this way.   This one has especially been pushed down.   Today should be the last day of ETF rebalancing.    Have been here before when everyone throws in the towel and then miraculously a run ensues.   

[downwithdotcom1]

good call...NOT...dwdc

[Unicorn9000]

It worked!!!! I had to jinxed it. And did a reverse psychology. holding DML FUU GXU EFR URE(sold today).

[TiredofWating]

Why did you sell URE?  Do you expect it to underperform? It remains one of the few producers in the US.

[Unicorn9000]

URE is weird . It runs and drops hard. And sometimes it doesn't have any volume. Personally I think it move up. But I moved my money somewhere there is consistent volume. And probably better.

[ReactorOP]

I don’t think that Sput can just arbitrarily sell their Uranium . They are agents for investors who want to actually invest in physical Uranium. I’m sure they can’t just sell when they think it’s a good time but have to sell if there is redemptions and have to buy when there free cash level from sales demands it. If Investors think Uranium price is going to tank Sput shares will tank and they will