Good time to take profits on PNP

[john77]

For a bullish perspective on U stocks,

consider this may be a W formation before uptrend, with left leg at Aug 16 lows, mid peak at October/November run, and right leg right now (or close to here).

Let's see if this thing holds at August lows.

Ideas? Too thinly traded for this?

[adriandunn]

Thin?  Not really, Laramide is usually a thinner stock than Pinetree, although recently even LAM has shown good volume, which may well indicate a bottom there too.  The only worrying factor is volume is still nowhere near the August lows, which may mean there hasn't been a meaningful flush yet in the Us.

Dines just sent out his IWB, and pumped uraniums in general, and PNP specifically, will be interesting to see if he still has followers piling into his trades - I would expect the reaction to be a lot more muted than it used to be, but could still be a decent pop of a couple % over and above what the Us do tomorrow.