NYSEAM:UEC - Post by User
Post by
GSTbay1060on Dec 20, 2024 7:39am
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Post# 36371752
Yesterday we did
Yesterday we didget a "dead cat bounce" . My guess is that today the sector, in general, will consolidate. We will be living this yo-yo effect until the fuel price starts to rise. So I continue to sit way up in the bleachers and watch the game being played .. What I just can't see is where the fuel is coming from to fix the long term supply deficit. Short term with low volumes and traders dumping dribs and drabs is keeping the near term market sustainable. When that runs out is the question?? Also there is the etf rebalancing that dumps tons of shares and causes a dip. So let's see what the day brings. The longer term still looks promising.
glta
dyodd