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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by smoking81on Jul 20, 2011 10:40am
259 Views
Post# 18851397

RE: explanation of stock decline

RE: explanation of stock declineMy opinion is that the intial drop to 50 cents was at the same time as all other uranium stocks dropping and FIU being lumped into that group. I thought it would not drop any further as uranium seems to have stabilised however the announcement of the share price seems to be the reason for a further drop to 40 cents. I think it is important to understand what is making it go down so that one can get a better understanding of what will make it go up. This stock still trades decent volume and has very good potential to go back up quickly. The large float makes it harder to manipulate compared to junior mining stocks so there is a better chance of understanding what makes it tick. If the reason for the declines and gains are due to manipulation then the average guy like me has no chance as I do not know or have any inside knowledge of stock manipulators. If the stock is going down or up for technical reasons then I at least think I have a chance as I believe the price of gold will stay high or go higher and a new buyer of this stock will remove uncertainty and probably be motivated to get the story out that this is a gold mine. Buying the 60M stocks should remove that drop in share price and people underatanding that it is a gold mine should remove the other drop. I do not think that the increase in share price will be exactly the same as the drop for each reason but the concept at least gives me the impression that I may make money trading this stock. Correct me if I am wrong.
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