Thought it was going to be a down day todayThe gap was filled and was obviously selling off, but the close was extremely strong. Might have a down day tomorrow, but Australian uranium stocks look strong tonight. And the volume... Flushes out all kinds of resistance.
What sad is companies like URRE ran up 400 percent, and they don't even appear serious about Uranium. Traders don't care, I guess, as long as it has "uranium" in the name. I think URRE is new DRYS, I just hope it does not damage the rest of the sector when their bubble pops.
I have never seen this much volume on continous basis. Perhaps, the number of investors swelled while uranium sector shrank over the years, who knows? Anyways, we had yet to have a short-term blow off top like some of the other names. Good luck to longs and hoping our long term pain is over.