What I had stated is a fact & not my opinion. That is what I saw this morning. When you have a large short position it can defy the technicals. It depends on the short seller.

When I look at the charts the stock is overbought & due for a pull back. Simply based on the charts that is the right call. Can it still go up. The charts says no but it can happen. It can stay overbought & can become even more overbought. Without pull back it would have to fight resistance but a short sqeeze can put fire under the stock.  You have to look at all factors not just the chart.

I think lot depends on the short seller plus how overall markets move from here & the U sector. U sector will have bearing on U308 prices.

You have to be careful. Tax loss selling is done. Forced sellers have done their job. The stock is at the lower end of the trading area & historically it has support at this & lower area.

I will reload on pull back & would like to have one,  if there is no pull back the present prices are not too high for the stock. It will be healthy for the stock to pull so that it is not overbought and can move even higher at ease. 

 

 

House Positions for C:UUU from 20121231 to 20121231
House Bought $Val Ave Sold $Val Ave Net $Net
27 Dundee 401,000 929,362 2.318 115,200 271,998 2.361 285,800 -657,364
90 Barclays 85,600 200,015 2.337 0   85,600 -200,015
85 Scotia 78,145 181,862 2.327 2,300 5,387 2.342 75,845 -176,475
7 TD Sec 98,700 229,257 2.323 63,400 147,281 2.323 35,300 -81,976
79 CIBC 210,479 490,423 2.33 180,810 419,024 2.317 29,669 -71,399
81 HSBC 11,950 27,724 2.32 50 117 2.34 11,900 -27,607
9 BMO Nesbitt 80,645 187,835 2.329 70,270 164,057 2.335 10,375 -23,778
101 Newedge 14,400 33,163 2.303 6,700 15,627 2.332 7,700 -17,536
19 Desjardins 9,200 21,454 2.332 5,100 11,934 2.34 4,100 -9,520
15 UBS 4,000 9,345 2.336 200 472 2.36 3,800 -8,873
58 Qtrade 2,200 5,154 2.343 0   2,200 -5,154
80 National Bank 2,350 5,535 2.355 400 934 2.335 1,950 -4,601
14 ITG 400 920 2.30 0   400 -920
28 BBS 100 229 2.29 0   100 -229
124 Questrade 3,150 7,308 2.32 3,097 7,290 2.354 53 -18
2 RBC 27,027 62,302 2.305 27,101 63,429 2.34 -74 1,127
36 Latimer 65 154 2.369 3,600 8,424 2.34 -3,535 8,270
33 Canaccord 37,500 87,557 2.335 45,700 106,795 2.337 -8,200 19,238
53 Morgan Stanley 4,600 10,546 2.293 15,800 36,954 2.339 -11,200 26,408
39 Merrill Lynch 11,300 26,191 2.318 35,300 82,257 2.33 -24,000 56,066
99 Jitney 19,000 43,870 2.309 45,000 103,640 2.303 -26,000 59,770
82 Stifel Nicholas 120,128 278,357 2.317 169,311 392,878 2.32 -49,183 114,521
13 Instinet 119,300 275,820 2.312 211,000 488,225 2.314 -91,700 212,405
1 Anonymous 249,400 577,589 2.316 590,300 1,365,249 2.313 -340,900 787,660
TOTAL 1,590,639 3,691,972 2.321 1,590,639 3,691,972 2.321 0 0