RTTNews reporting Q4 as a MISS... "(RTTNews) - Uranium One Inc. (UUU.TO) Monday reported fourth-quarter net loss of C$1.1 million or C
.00 per share, narrower than C$112.9 million or C
.18 per share last year.
Adjusted net earnings for the quarter were C$21.4 million or C
.02 per share, compared to an adjusted net loss of C$16.6 million or C
.02 per share in the comparable quarter last year. On average, eight analysts polled by Thomson Reuters expected earnings of C
.04 per share for the quarter. Analysts' estimates typically exclude one-time items."
A miss in Q4; costs up in 2012; but record revenues in 2011...so where will the price go tomorrow?
Answer: the price will do what the hedge funds and pro traders want it to.
If it drops, folk will be saying, "it's because of the Q4s". If it goes up, folk will be saying, "there's optimism for 2012". Unless the news is stellar, the news always follows the price, not the other way.
And this news is not stellar...so 70:25 we see a price drop tomorrow...simply because it's easier to drop a price than to do any heavy lifting...the other 5%? it doesn't budge...
I'm not bashing...just paintin' the picture as I see it.
good luck to all tomorrow, just opinions,
sjm