RE:RE:RE:how undervalued are we?A good honest interpretation dointhisforcash.
I own FCU and did not trade this seasonally however I am watching closely.
FCU had been trading better than its peers for the last couple of months from the SP top and needed to correct with no significant news following the winter drill program (please note the news was very good and I happy with it but there was no halt worthy news provided). Add to seasonality and weak uranium demand.
Should utilities not pick up buying soon then we drop back down as the season plays out. Its not rocket science folks. As the bashing SH clowns have have been telling you its happened for the past few years.
Its hovering at support like CCO, NXE and most other U stocks. While URA is getting hammered. The next week or two will tell the tale.
Sell it (if you choose) but your late in the downtrend for that right now (there may be an opportunity or the next push up). But in the fall with a new RE a few months away of 180 plus million pounds this stock should see a nice push up (better than most of its peers in anticipation of the news (as NXE did over the past 6 months).
Folks, this is pretty simple. They have cash to last two plus years and drill results that are independantly tested. There is no crisis looming, just traders, a weak spot price (that many were hoping would stablize above 23 dollars at this point) and seasonality