Sunday, September 30, 2007

USU is down and now I know why

There is a problem with information flow. While USU was falling down, there were no newsbites explaining why, with the exception of conspiracy theory that US government was dumping Low Enriched Uranium to... to... uhm... make nuclear sector unappealing? Whatever. People (and bigger stock holders) where simply in the know about which direction the appeal to lift anti-dumping measures against LEU exports from Russia was going. And those who did not know of a direction did nevertheless speculate on an outcome that would be so highly negative for USEC, thus the market consensus. And unfortunately for me I opened position in USU at a bad time. In this light, American Centrifuge Project by USEC is certainly a waste of money. I wonder, could I have known any of this before? Which information source did I miss? Now the likelihood of me closing this position with 56% loss is very high. Oh well, I'll subtract this loss from other gains.

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