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


To: UPTICK who wrote (13039)2/26/2008 11:47:20 AM
From: Cogito Ergo Sum  Respond to of 30080
 
Yes just a more colourful way of saying there will be lots of resistance points :O)

I was more concerned about yesterday's gap being filled although I thought we had a chance for a spike this AM... I put a sell in this morning for higher in case of a spike which I was afraid would be a candle with a long upper wick ((short term top, always forget the name...) and then I think odds of a stronger pullback would be higher.. So far this just looks like fairly healthy consolidation to me.. although no one likes their stocks going down unless they are short :O)



The Black Swan



To: UPTICK who wrote (13039)2/26/2008 1:00:38 PM
From: Tommaso  Read Replies (1) | Respond to of 30080
 
I have not looked up the short positions, but there was a lot of shorting of the large-cap U stocks after the big run-up last year.

EDIT: short ratio of DNN (shorts/average trading volume) was over 6 in January, which is high. So there's a lot of forced covering possible.



To: UPTICK who wrote (13039)2/26/2008 7:46:02 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 30080
 
another nice close... volume not bad but I'll look for dwindling volume even if the price is rising to lock in some profit.. There will be pullback .. maybe LOL

The Black Swan