Do you want to help UEX share price?
If you have or you know of someone who has put up their shares of UEX for sale at a high price so that no one can borrow them for short selling then take them off the market NOW.
The more shares that show up for sale on the market depth, the worse it is for any share price because the market depth will indicate that there are more shares for sale than people are actually willing to part with. If there is a sudden reduction in the number of shares up for sale, the technical picture changes to look like fewer shares are going to be up for sale and any algorithms tied to the market depth are going to adjust their behavior accordingly.
Judging by the activity on the short market, I suspect that there is some amateur gambler out there who keeps adding to the short positions for UEX in the hopes that the share price is driven down because he/she had already taken a large short position and does not want to have to cover those short positions at a loss. I see this as being the equivalent of a retail investor trying to play the role of the market maker with the goal of having the share price drop. It does not work unless that retail investor is prepared to buy up a couple of million shares with a market order.
By removing shares from the overall market depth on the sell side, you can help to move the price which may start as a gentle move upward to a point where the short seller is caught having to pay whatever price shares are being offered at. Given the current volume of short positions, that would need to be covered that gentle rise could quickly turn into a much bigger turn around.
So why do I think this is an amateur gambler? My Crystal Ball has been hard at work and it tells me that if Mile Alkin is NOT SHORTING uranium stocks then NOBODY should be.
Of course, if you look at recent trades this morning buying up a bunch of single lots at $0.16 in the latter quarter of the 11th hour only to DUMP them at $0.155 a few minutes later you can see what appears to be illegal trading tactics. This might support my theory that some silly short seller / gambler is desperately trying to manipulate the price down so that the large short positions don't have to be covered at a higher price. Join me in calling on IIROC to investigate these suspicious trades.
