OTCQB:UEXCF - Post by User
Comment by
Goldfingerron Mar 04, 2009 9:30pm
463 Views
Post# 15821631
RE: Manipulations?
RE: Manipulations?No not manipulations. UEX unlike UUU or the others is not a producer, it is a pure speculative play. The path to production is long and very, very, expensive. In this time of tight credit, money can get expensive or not available. Those that have production capacity in place will take advantage of the inevitable explosion in uranium prices. Those without, will lag behind. This is what you are seeing.
You are also seeing the effect of downward trending in equity and commodity markets. The DOW for example has broken a long term support level. You can only guess were the next support level is, 5,000 or 4,000 who knows.
WIth these forces at work it is hard to blame it on manipulation, although manipulation has a certain romantic appeal to us hopeless romantics.
Good luck uraniumbug.