RE:The great turning ... mesa1 wrote: A sudden turn in the weather here on the coast. Maybe a sign! ;-)
I'll be running out of bullets soon but backed up the truck here, again admittedly.
Why now? Well, ... glad you asked.
1. sentiment is so negative that I suspect forced sellers, weak hands and the unconvinced have already bit the bullet.
Sentiment is negative, because the markets are negative (overall). Commodities are being hammered. And this time FCU stockprice has something else to fight with as well: a merger
2. technically we are right at the Nov 6 2014 pullback low from where we catapulted from $0.75 to $1.06 in 3 days! Markets have memories.
The rise on the 6th of November was due to Japan restart news. July isn't November, but all uranium could bounce with another good Japan news item.
3. Those last 5 minutes of trading today, where buyers came in and scooped up those ~600,000 shares in quick order ... is very suggestive of a bottom.
Just remember the situation has changed entirely. Some will argue nothing has changed, but obviously it's a hanging sword over FCU's stockprice (the merger). I hope you make some ROI on your investment.
I think there were a few blocks for sale, well telegraphed, and the MM's sucked the market back to take out the forced sellers' overhang.
Also, we're fairly close to that $0.66-0.68 Oct 2014 low long term technical support line. That low was also tested technical support from June 2013. Really really strong.
And so much more value has been added since those days.
And maybe we'll see some news, given Monday is the 27th "definitive deal day", and we no doubt have some holes to release.
Hard to stay away from my largest exposure and what's likely a once in a lifetime value play.
Have a great weekend everyone.