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Message: Re: U looks to be giving us -Chris

Aug 25, 2010 11:55AM

Cliff...no not yet....I think worse case 1.25....and more likely abit higher. Todays action wasn;t totally expected so be alert that we've had a db on the daily and takes out todays high tommorrow it may sneak back over 1.50....if it continues on, 1.59 is res..so overall parameters are 1.25 to 1.59.....my thinking is u is poss. going to close near the low which may suggest it heading to where i ment. earlier....so....denison may not proceed up....but follow the weakness. This is all for pennies of course but every bit counts and I like to get in nearest the bottom as poss. If you don't have the time to watch then prob. even at todays price your downside risk if uran. has indeed bottomed is low......if dml has bottomed here it may trade sideways for several days and may even make another slightly low at 1.39 or so..next res. up is 1.5o approx. Nice flag on the daily so far. I might start my pos. anywhere in the 1.30's and sooner if I have to.

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