I traded this stock a few times last week, I do not think I remember anything moving like this since the .dot com bubble. Nobody knows why the stock is moving like a "Bat out of Hell". Weeks ago before the Reverse Split this stock was dead, now people and pundits are pulling theories out of their ass trying to justify, make sense or pretend to understand why this stock went into chaotic upside movement. Watch out for this stock, I don't have the stomach to trade this kind of stock, I will leave it for the Hedge Funds and Black Box kids. Hope nobody here get's clobbered by USU, it's eye candy to watch during the day, Friday's action was humor!
I noticed USU a while ago and after the huge jump, I was tempted to blindly follow along for some quick profits but my trading plan wouldn't let me lol. It ended up going up 45%+ a few days later. Oh well... Its a weird movement for it so I would suggest staying out unless you see something that fits your plan.
Sorry, I can't let this play slip away, I will let you know how this trade went. I got suckered into fast money, too old but up some decent cash! URRE has finally joined the Uranium madness. Something is up with Uranium, I thought there was a glut!
Maverick or anyone who tries to play this stock, watch out! The Spread is deadly! Look, USU has had a spread as high as $23.3x23.88 for a Listed Stock. My stocks I trade are usually only Amex and NYSE specialist controlled and I think the Specialist has become rich. I don't recommend USU for unless you feel like Gambling! Take Care Traders, talk with you after the Close. if you must play this wild stock, please use a 200 to 400 shares, and only what you can loose when we turn violently down.