uranium selldown

  1. 8,620 Posts.
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    1232 [Dow Jones] Did someone mention dotcom bubble? Bull market for uranium
    companies - one of hottest sectors in recent months - starts to fade, led by
    Energy Resources of Australia (ERA.AU), down 13% on typically light trading
    volume. Nothing to suggest uranium's fundamentals have changed. Rather,
    selldown, profit taking, likely spurred by softening resources sector, broader
    share market weakness. Those to extend recent losses include Paladin (PDN.AU),
    down 11%, Summit (SMM.AU) off 14%, OmegaCorp (OMC.AU) off 10%, Reefton (RTM.AU)
    plunges 16%, while Deep Yellow (DYL.AU) skids 12% on huge volume of 41.7 million
    shares. (RCB)
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