Post by
Greenday on Apr 04, 2023 11:02am
How Far Can Uranium Equities Be Pushed Down?
Spot price is trending up and equity prices are trending down? Ok so lets see what the bears got. How far are they going to go?
Comment by
zum2020 on Apr 06, 2023 11:29am
makes no logic against all the bullish thesis. this thing is getting priced to when the uranium spot price was very low so many years back
Comment by
Greenday on Apr 06, 2023 11:36am
@ zum2020 - If you've been watching the tape the last few days you will have observed the method and tactic that CIBC used to walk down the price. Spot price of uranium is stable to up and equity prices get cut by 20% or so? That's simple manipulation by the market makers.
Comment by
Greenday on Apr 06, 2023 11:53am
@ zum2020 - Most uranium stocks are approaching their 52 week lows. Seems unlikely that the market makers will push them below that. Wouldn't only be us asking questions if that happens. Media would pick up on it too.