UEX Corp UEXCF

Enjoyable technical discussion

[Sparkletooth]

Thanks for the great read guys, nice to lurk on a board that can see both sides of the trade... Fundamentals: UEX still capped at a $billion. Reasonable cap in a bullmarket with the strong takeover potential here. Is it still reasonable with the market retreating? Most development stage prospects trade at or below 5% of in-situ values. Technicals: I like mangoe's take on them, there's a trade here maybe, but with any kind of prolonged correction in the U3O8 stocks, this will will find support much lower than $5...imo...the market is so fickle and highly strung these days, it might be better to take some off the table and wait for the next trend to assert itself. The chart is horribly scary here.