RE: wasup in june? generally....if you think it will pullback by a full 25 cents....you sell.
I say we have more back to back green days.....so any part of the day that is not green....you buy
earnings is getting closer, and this leadsto buying on anticipation of results presure.
Shorts watch the timeline and also want to cover during the push to earnings...creating more pressure up.
jp morgan justhelped the cause ...allbeit after I called 4 bucks when it was 2.55, they see 5.
in june armz after 18 months of a no trade window, will be open to trade. During these 18 months Uuu price has fallen, but the long term outlook is rosey in 2013. I say they will want to buy more. Shorts also know this and want out before June.
I have watched who has bought and sold uuu everyday for a very long time now. This experience helps with being ahead of the curve...instead of reacting.
I know nuclear power. Been in the power business for 24 years, and thus undertand the truths around its risk vs. reward. Fukasima was exploited into the market to make moneyon fear.....many made $$ on the curve.....however the game is nearly over. Change is in the air....a return to the truth....nuke power is the answer to energy...plants are going ahead...the public is cooling off from fear. The entire industry is on high alert to making our plants safer.
There is a short term and a long term. uuu was a short term play for the last year. You could time the moves and win or hold and wait. The long term game is nearing.
For now however....the last 2 months is buried in history here....and no one feels like re hashing. Do what ya gota do. I am in still.
Lou