RE: RE: UUU oversold Yes right I am very desperate holding all that cash it is burning a big hole in my pocket. : See my Friday before noon post.
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31079726&l=0&r=0&s=UUU&t=LIST
If you think that this stock offers no value at these & lower prices then why don't you short this stock at these prices & lower if you are so sure of yourself. Put your money where your mouth is.
I have been & will trade the oversold bounces from time to time under certain condition accounting for share & U308 prices. It is the liquidity of the stock which will determine the short term share price in stressed conditions & not its valuation of the company. The lower the share price drops more money I hope to make from it. Lower prices reduces the downside risk & allows you to do large size trades with the same capital.
I will not short this stock in this price range based on the pubic information available & DOE statement. Be my guest & you do it & add your few shares to 18 million shares already shorted.
Boom
If you regularly monitor active stocks closely you will see how institutions enter & exit a stock all the time. e.g CCO most trades are broken up into really small 200 to 700 share lot because it is a $20 stock. If some one wants to sell a large number of shares they will not simply drop one huge block & take the stock down by one or two dollars in seconds with out giving a chance to other potential buyers who do not know the size you intend to sell & may be willing to pay a higher price in stages as the stock goes down.
You can easily differentiate between the quality of buyers / sellers approach & experience. For me a good traders will try to minimize the cost of buying big number of shares & getting the best possible price for sale of large assets. The dumper had its reasons to sell which I said I do not know. It is how he sold them. It is obvious that if you sell a large number of shares then the price is going to come down. My observations was after the fact how he sold the shares & made no effort to get the best price for the shares while he had ample opp to do so & thus was a bad executor of the trades. He allowed traders like me to get into the stock & take advantage of big price gaps in very short time. Algos & active trades will come into to benefit from these big price gaps.
It is not just bad execution in my books it is a horrible execution of an sell order of a large block. It was a gift for some active traders. Some retail investors freeze & get scared and also sell in panic. I see opp which I see a huge price gap. I stay away from sellers who work down the stock in a professional way. I would rather wait till they are done selling. I can understand if a broker is executing a margin call or a market melt down is taking place & every second counts and there are huge bids & someone else might take them down before you.
If you look at the tape every time he dumped his UUU shares the stock bounced from its lowest selling prices. A experienced trades would have used other method & obtained a much better average sale price for his assets he would have still sold what he had to sell. To put it in monetary terms for 3 million shares if his average price was $2.24 about $.05 better he would have save/made $150000 if he had obtained a $2.29 or $.10 better he would have saved/made $300000. Every cent amounts to $30000 for some it is nothing but for me it is an important amount per cent. Under present market conditions I trade on small spread for safety of capital reasons & know how every cent in profit & loss matters.
If he was a short seller then he created a short position position at a relatively low price of $2.19. Was he creating fear to trigger selling I do not know. But I doubt it.
I hope that he has more shares to sell. I will wait for him during the last hour of trading tomorrow.This kind of selling approach is a gift for people like me. I hope he shows up again tomorrow & does the same thing. I was not there on Friday.I not sure if he is so dumb to do exactly the same thing in three consecutive days.
Today was an up day in US markets it was an oversold bounce. URA the biggest U ETF created new 52 week low on Friday. Today it bounced $.21 cents or 3 %. CCO trades in USA it was up $.49 or 2.5%. The chances are that if UUU was trading it would had traded higher.
Tomorrow the trading of the day will depend on market conditions & during the last hour of trading it would depend or the dumper.