RE:What is Morgan Stanley up to?FCU following the DML chart to a T for the past month or so. MS making sure of it.
Things that make you go hmmmm...
quote=quakes99]I saw MS was pushing down FCU after we rallied to $1.09, taking us down to $1.05. Then I looked at DML and saw that MS downticked them at the close to a 5-year low of $0.98 after a session of selling in 500 share lots. Cameco was also being sold down by MS, as was Uranium Participation and Energy Fuels. The end result is that they are pushing down the major U stocks in some coordinated effort to contain any upward movement in the U sector, in spite of 2 weeks of steady rise in the U spot price.
Anyone want to venture a guess as to why? My hunch is that MS or at least one of their deep pocketed clients is trying to push down the sector and put it under pressure to allow either themselves or other clients to buy in at lower prices before the U price pops when Japan restarts or earlier is Utilities start buying in larger numbers. It just seems too coincidental to see all these stocks being pushed down by the same broker, and especially Uranium Participation which is used as the baseline stock for U prices and sentiment.
They are certainly creating buying opportunities across the U sector.
Cheers!
[/quote]