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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: WalterWhite who wrote (11119)	5/14/2007 11:29:07 AM
From: TheSlowLane	Respond to of 30229

I don't know, but the volume on the way down is a concern, for sure.

To: WalterWhite who wrote (11119)	5/14/2007 12:38:13 PM
From: chowder	Read Replies (2) \| Respond to of 30229

>>> (i'm not a technician) is it a coin toss here? <<< I am a technician. Professional traders do not buy wide range bear bars. They wait for price to consolidate and insure that the selling is over with. Buying here is guessing. Buying here is an emotional play. Buying here would be like going all in with a 7 and 2, non suited, while playing No Limit Texas Hold'em. You could win but the odds are heavily against you on your timing.

To: WalterWhite who wrote (11119)	5/14/2007 12:53:13 PM
From: ceejayt	Respond to of 30229

Hi Globe Resolute Performance Fund has dumped shares - the private placement from Dec 14 canadianinsider.com EFR is a falling knife which I tried to catch - got cut:( CJ

To: WalterWhite who wrote (11119)	5/15/2007 6:35:14 AM
From: chowder	Read Replies (3) \| Respond to of 30229

EFR.TO opened at $3.40 yesterday and was so weak, it could even trade a penny above the open. Price continued down all day, closing at the low of the day. Price was down 20.3% on the day. Yesterdays price action formed a high volume, wide range bar. This type of price action implies that a lot of people wanted out at any cost. That was the sign of panic selling. If someone were wanting to take a long position, for the longer term, waiting for price to consolidate in the coming days, to insure the selling is over, is the low risk way of entering a beaten down stock. If someone were looking for a short term trade, maybe 1 -3 days, then we may see an opportunity for a short term bounce in the next day or two, capturing maybe 20 to 30 cents in profits. Yesterday's price action creates a short term oversold scenario. Those who buy pull backs love to buy when there is blood in the streets and there was plenty of it yesterday. Those who buy sell offs may be able to generate a little buying pressure to take advantage of a very short term long position. Here are 3 potential buy set ups if one were looking for a short term trade: 1. If price gaps down at the open by 10 cents or more and then starts up, buy once price is about 2 cents above yesterday's close. (Place your stop under today's low if this set up triggers.) 2. If price gaps up at the open by 10 cents or more, buy it immediately or you can wait 5 minutes and buy 2 cents above the 5 minute high. (Place your stop under yesterday's low if this set up triggers.) 3. If price gaps slightly in either direction or if price opens relatively flat, wait 30 minutes and then buy above the 30 minute high, provided the high is showing positive on the session. (Place your stop under yesterday's low if this set up triggers.) This is a 1-3 day set up only, taking advantage of a short term oversold situation. Until we are reasonably certain the selling is over, a long term position should wait until the odds favor such a set up.