Why the recent parabolic move?... Friday US-UK nuclear energy deal called the Atlantic Partnership for Advanced Nuclear Energy. The deal is meant to speed up the use of next-generation nuclear technologies like OKLO.
I have nothing bad to say about the company. I recommended buying it earlier this year in March when it was trading in the $20-$30 range (see related publication).
These types of parabolic moves without meaningful fundamental improvement are not super rare, but the pendulum has swung pretty hard here and I think in the next 2 weeks we'll be at a lower price, perhaps still above $100. I don't think it will be necessary short selling but perhaps pull back from either another offering, insider trading, or locking in some profit at these levels.
Insider selling news:
barrons.com/articles/oklo-nuscale-nuclear-stocks-insider-sales-1a78a283
I have nothing bad to say about the company. I recommended buying it earlier this year in March when it was trading in the $20-$30 range (see related publication).
These types of parabolic moves without meaningful fundamental improvement are not super rare, but the pendulum has swung pretty hard here and I think in the next 2 weeks we'll be at a lower price, perhaps still above $100. I don't think it will be necessary short selling but perhaps pull back from either another offering, insider trading, or locking in some profit at these levels.
Insider selling news:
barrons.com/articles/oklo-nuscale-nuclear-stocks-insider-sales-1a78a283
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