Traders love the Panic button!.........Especially when the weak hands push the (sell) button! Long term trends are made up of multiples of short-term trends being made and broken. I doubt it is any surprise to technical traders that the support would show up in the $0.50-0.60 range so they probably sold in the $0.90 range expecting a little panic to the downside! Once it breaks out above approx. $1.00(next few months maybe?) - the stage will be set for the next leg and the game will be on again!! Hey ... didn't we all want to sell at $0.95 and wish we had right now?!!!!
What's going on with the 3/4 million ounces of that fine yellow stuff that seems to be forgotten about with all the hype around the "major uranium discovery".... seems to me each is worth $1.00 on there own! Good luck!