UEX Corp T.UEX

RE: RE: Sector Beatdown

[tillbilly]

Had you have read my earlier posts you would likely not feel as frustrated as you now are.
Hedge funds buy strong company's like Cameco long and weak companys like UEX short. Thus the hedge.
They really use a UEX vs Cameco due to the fact that Cameco already owns a percentage of UEX and having the inside line they know Cameco is not interested in buying a controlling share...nor selling their share to another suitor.
When they (hedge funds) are extremely bullish on the sector (U) they will cover their short on UEX (buy shares...price goes up) and go overweight Cameco. when they get a signal that the sector has topped they sell their overweight in Cameco and short their UEX. That was yesterday and likely today.
They like to keep their core positions in their Favorites at certain price levels if they can.
UEX...or it seems to me anyway...they like at 2.24. That is why my buy is in...and did not fill yesterday. 2.24 is 25% of the position I will hold. Ireally want them at 2.15.
If they can short her down below 2.24 and panic the herd down to 2.00 that just makes them all the more money.
Watch the volumes and direction and quit falling in love with things that don't love you.
Every time I see a negative post by Mess/Me/ any one on UEX I hear a bunch of emotion (read crying) which means people are attaching their hearts to their wallets...which always ends in tears.
Yes the market is controlled by the big players who use computer programs.....JEESH! Please stop it your making me giggle. Trade UEX in the shadows of the Hedge funds....hold a core position in the low 2's if you feel they will unwind their short's someday....but 2.15-2.50 you want to be nimble. (read in and out).
If you bought Intel at $19 and sold at $22 last year you would be a rich man....it happened about 10 times. Why? Hedge funds with those dirty little computer programs.
Better luck today.