OTCQB:UEXCF - Post by User
Comment by
tillbillyon Feb 02, 2011 9:12am
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Post# 18060663
RE: another decent open, relatively weak finish
RE: another decent open, relatively weak finish1 reason, not the only reason, might be that some fella's like to hedge. That is to say go long on the best in a sector (Say Cameco) and short on the worst (read UEX). But that's a guess on my part. For a fact there is huge selling into the bid every other day on this stock which puts downward pressure that can't be denied. I intend to reduce my position today by 70% and go long UUU instead. Less torque but more consistant trend directions which are easier for me to read.
GLTA