TSXV:VEC.H - Post by User
Post by
daniel52on Aug 12, 2007 4:37am
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Post# 13233744
Cut in half since
Cut in half sincethe top in May. Pretty much to be expected. Given the terrible financial news, falling uranium metal price, and now that FEAR is in the markets (which is more powerful than greed) we could see URC drop a little more even with the recommendation Fri by a well known newsletter. At the very least we are little to meander along at this level as a consolidation before resuning the uptrend.
A retracement of 68% is not out of the question here. You can do the math.