Post by
GSTbay1060 on Aug 08, 2024 11:04am
Shorts
Over the last few days we have seen very large volumes on UEC and many other Uranium equities.. With the severe drop and retail heading for the exit it looks like some entities have been buying at this level.. I ask myself why? Are these buyers the traders who are covering their short positions??? If so they have made some good money.. So I continue to wait.. Not knowing if things will improve or deteriorate. There is just less reactor fuel today than yesterday and that trend continues till into the 2030s .. For the supply deficit to be fixed will mean much higher prices to bring on new supply..Just look at the revised NXE statement about the cost of their mine.. Everything is getting more expensive... Uranium will have to increase in price or the lights will go out.
glta
dyodd
Comment by
CLOUDER on Aug 08, 2024 12:01pm
I think that they did make good but they better be covering there shorts now or will loose it.