Post by
Greenday on Jul 14, 2021 1:56pm
How Far
The walk back all started with the fake CNN report a few weeks back. How far do the shorters dare to walk back uranium stocks before they explode on them?
Comment by
199930 on Jul 14, 2021 2:05pm
What is the current short interest and how much has it increased?
Comment by
Dreaminthedream on Jul 14, 2021 2:22pm
I think that the fundamentals for uranium have been super exaggerated, especially on the supply side. There is more uranium available than is known. That is why the spot price has NOT moved up and why US utilities are not doing new contracts. Quakes is full of manure. Fresh and old.
Comment by
zum2020 on Jul 14, 2021 3:46pm
Re supply calculation, could you not add up all urnaium miners and add up the inventory and the production rate. Why would this be so unknown? I can only guess there is more things that impacts the near term spot price.
Comment by
Greenday on Jul 14, 2021 5:09pm
@ zum2020 - The spot price on June 15 had a bid / ask of 32.25 / 32.60. Today the bid / ask is 32.25 / 32.75. So the bid is the same as it was a month ago and the ask is .15 higher but equity prices have dipped.
Comment by
Greenday on Jul 14, 2021 4:23pm
@199930 - The fake news reported by CNN was in the middle of June. Short interest on June 20 was 5,586,221. Short interest June 29 was 7,571,315.
Comment by
ustocks on Jul 14, 2021 8:11pm
you people are all just dreamers. this stock will reverse to 30 cents until the seasonality returns. Do not kid yourselves