I sold out of my entire MAA stake for $66.74. That was the position I received for my shares of CLP when they were acquired. I feel the need to raise cash and that was a good position to trim.
I also paired back my shares of CCJ. They dropped guidance for expanding the uranium mining. I don’t think it matters – they basically said they’re working to force pricing higher by refusing to mine at these ridiculous prices – however, I think the stock keeps getting beat down. It’s just the way the uranium market has been trading.
CCJ is now 18%, down from more than 20%. Cash stands back at 40%.If you enjoy the content at iBankCoin, please follow us on Twitter
Biggest news on the U front woud seem to be the Tokyo mayoral election news. Likely what’s buoying CCJ’s share price today in light of a pretty terrible ER.
I’m not convinced anything besides random transactions is buoying CCJ. The stock will tank back below $20 because that’s what it does. And I will be there to buy another bottom
On a technical basis, it seems to be getting oversold at continually higher levels. Would be nice to see $20.50 hold, but you’ve been watching this thing for much longer than I.
Nice moves in BAS