RE:RE:RE:A new Patterson Lake Uranium Mill is coming...
oil was up hugely after yellen's announcement. From thursday morning till friday close oil moved a lot (check the numbers). I have no idea what Monday will bring but I have made lots of dough selling all sorts of stocks (including FCU) after oil has made a btt of a run only to buy them back for 5 percent cheaper after they retreat. If you have not noticed there has been a strong correlation between most equities and crude futures. The past few months have been a traders dream given the insane volatility. Vix has plummeted lately so I don't know if this is a legitimate strategy you can depend on anymore but if oil plummets to 35 or less these recent gains, and more, will quickly be lost from FCU. WIth respect to the news cycleand FCU, it has been my observation that in the past there is often a significant share price movement that occurs a day or more before the release of news. I don't think this is a coincidence as it happens quite regularely so it is often a tell that news is around the corner and, given the anticipaitory share price movement, the news is often met with little if any gain followed by a retracement. That has been my experience with the stock. Maybe other folks see it differently.