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Uranium One Inc SXRZF



GREY:SXRZF - Post by User

Bullboard Posts
Comment by PUNJABIon Sep 26, 2012 12:03pm
342 Views
Post# 20416141

RE: RE: CCO in the wood shed

RE: RE: CCO in the wood shed

Dividend of $.10 is not a big factor for investors when the company is apart of a declining trend. Yesterday just before close there was a imbalance of 400k plus shares these shares were sold by National. The share holders did not earn the dividend but may have saved about $.80.

 

For current stock prices you will have to focus more at overall markets plus the U308 declining prices.

 

Technically CCO is now oversold there can be  a oversold trade but buy & hold would depend on reversal of U308 prices or CCO comes out with reduced inventory & good financial results.

 

CCO & UUU will survive what ever the time lines are. I cannot say the same about the rest of other Canadian U companies. There are huge speculation if there  is a big delay in recovery. Traders can still make money. Lower the stock prices = to more trading opportunities. As the stock drop in prices the down side reduces.

 

The impact of QE3 is waining as the investors are now focusing on the economic realities. QE3 has created a bubble in stock market & can do so much. At the end it is growth in world economies that counts. The chance are that this bubble may run into serous trouble after the elections.

 

CCO just created a intra day low of $19.27 down $.96. It has dipped below the trading channel. It is not reacting too much to  the overall indexat thistime. Indices are off their intra day lows.  This is an important test area for CCO it  is in its historical support area.  If this decline results in a breach & not just a dip then next support is around $17.70 where it has huge support & would be very very over sold.  RSi would drop under 20. which has been very rare for CCO recently.

It is important for CCO to bounce off its low here

 

 

 

 

 

 

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