When I look at this snapshot of DML at this particular point in time I would say that it will take a lot of new nuclear power plants to be built and demand for fuel to move up aggressively to get this stock moving higher.
Zedi Inc. is another case of a fair to good fundamental story failing to create any wealth. The charts have been telling investors to stay away for years.
A stock trading in a high risk environment that is also going down with little in the news stream to drive buying is not a great position for your money.
If you are going to get involved with HSE make sure to trade it in the channel and watch for breaks below support and breaks above resistance. Right now it looks like the stock is poised to bounce off its lower support so it could be a good entry point for a channel trade.
Paper profits are nice but cashing in on some of your holdings will provide you with an opportunity to diversify. Trees don’t grow to the sky and stocks don’t just go up.
From my evaluation a thin trading stock with declining revenues and perhaps a split focus for mangement suggests that perhaps your first loss might be your best loss.
Capital preservation is one of the most important things you can do when a stock you own is working against you. Sell it before it chews up your money. When a stock breaks below support its time to evaluate your original reason for buying and start playing defense.
