Jim Letourneau's Blog

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UEX Update

Since our last post on UEX, Reasons to Own UEX, there was a run to $3.70 followed by a high volume selloff last week that sent prices back to $2.89. The uptrend remains intact but without knowing the motivations of the big sellers and an absence of news we need to be mindful of the downside risk.

I wasn't surprised to see a probe below the $3 level as stocks above it are marginable in Canada. I was surprised at the record trading volumes associated with it. We'll know more as the week progresses.

UEX Corp.