Australian (ASX) Stock Market Forum

URA - Uran Limited

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carefull on this one, generally whenever there is a announcment one of the major shareholders starts dumping shares. they need something really good to break out and they dont have it yet they r just picking up crap assets.
 
Anyone have an opinion on the slide in the last few days compared to other U stocks? I thought the czech story would have been more positive than negative?
 
fma007 said:
Anyone have an opinion on the slide in the last few days compared to other U stocks? I thought the czech story would have been more positive than negative?
Click to expand...
I've been waiting to buy back into URA after missing the last big bounce, and today is the day. URA tends to make big moves (20%) up and down for no apparent reason and quite unexpectantly, so its a great stock for short term "buy low sell high" (and vice versa!!) opportunities. It wouldn't surprise me to see it back around $1:60 next week, not because I have any info but just because that is how this stock behaves.
 
I must say, i gave into temptation and bought another lot at $1.235. Didn't think it was gonna go down to 1.16.

With the recent spot price of uranium increasing to $75 and their push to aquire the czech mine, i think there is massive potential for this stock.
 
It will be interesting to see what the sp does today. could there possibly be a chance of the sp going lower then yesterdays low?
 
Interesting to see how this stock has traded. originally formed descending triangle to breakout to new highs. now recent descending triangle has formed, sp has broken pattern and has broken support around 1.38 to show retracement at end of chart.

next major level of suuport down is 89 cents. i dont know if it will fall this far given the fact that spot uranium has increased again.

so sp has to form some new support or regain levels that previously trading at.
 

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a burst of activity following ann re. March 9 share offer at 20% discount for existing shareholders on Feb.16.
 
Well my initial thoughts are its not great, people will drive up the SP to get a 20% reduction in their parcel, then after the deadline, the PS will drop again to what it was before...unless there is further news. So the 20% reduction on an inflated SP...may as well buy them immediately whilst still around 130 or not at all.
 
broke support when it started that decline. looks to have found some support around 99 cent area. look at chart ive previously posted.
 
yeah people are selling so they can buy at 20% discount of the average share price before the official price of the options are set
 
Time SSN Price Quantity
10:13 16,629 105 500
10:13 16,561 105 500
10:10 14,548 104 500
10:10 14,434 104 500
10:10 14,307 104 500
10:10 14,231 104 500
10:10 14,214 104 500
10:10 14,194 104 500

Some dodgy looking trades here? Bots?
 
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