26 replies to this topic

[mss]

..... RI stated: "It is RI's firm conviction that uranium names will have their turn again soon, as investors rotate back into the space, and that when that time comes, battered quality names will receive the majority of lift."

That has now happened, or is beginning to happen. Next to go will be quality junior names with high-impact potential and first-class sponsorship.

.....battered quality names will receive the majority of lift.

How well do we know who "THEY" are?

[PorkLoin]

Scott, that's our old friend/nemesis "due diligence" walking onto the stage, isn't it? I know you know all this anyway, but: There are some awfully vague websites for some companies, really more just suggestive and titillative. Actual uranium production is different from "future production," and mines being built are different from plans for construction. Being merely an "exploration company" isn't the same as having land, drilling holes, and grading assays. Even the brutal decline in URRE didn't change the fact that it's actually digging uranium out of the ground. And also, what's more "quality" than a stock that is increasing in price? No question that there is a lot of hype at work and that there are going to be some individual crashes, so being a nimble trader may be important. Overall, the price of uranium oxide going from $7 to $56 per pound in an apparently still-ongoing strong trend means that some stocks are going to go up, so if one's favorite indicators say "buy," I would not pass it up, and of course use sell stops and pay attention. The six names mentioned in the RI article are in my main "basket" along with AXU.TO, AZM.V, DEN.TO, EMC.TO, FRG, JNN.V, LAM.TO, MGA.TO, SAN.V, and STM.V The last two are recent additions and are scary. I have no doubts that the others are "for real." Best, Doug

[mss]

OK doug & john, What is the current thinking and status for these two?? DMLCF.PK & IUCPF.PK Thanks, mss

[PorkLoin]

>>DMLCF.PK & IUCPF.PK<<

Scott, I was in a bar last week, and some guy was saying just that! Didn't know whether he was speaking a mixture of Bulgarian and Swahili or under the influence of some "medicine," perhaps?

IUC merged with Denison Mines, per our message conversation. Denison also owns 12% of EMC (itself a product of some acquisitions and mergers). Denison also manages Uranium Participation Corp. (U.TO).

Sounds sort of incestuous to me. But I guess we're gonna have that.

Denison is actually producing a good bit of uranium, and as such quickly benefits from the now $72.00 uranium oxide price, up from $6.50 in 2001.


Doug

[mss]

As I said, I bought a bunch of those and put them in a seperate account. Sort of forgot about them, yet read all the "news" etc. and had a "senior week" or two. Will need to spend more time on my stuff instead of others, year end junk. Thanks,

Edited by mss, 20 December 2006 - 09:22 AM.

[PorkLoin]

MSS: I bought a bunch of those and put them in a separate account. Sort of forgot about them

Oh Geez, Scott -- oh man... now what are you going to do?



A person could do worse....


Merry Christmas,

Doug

[PorkLoin]

I mentioned this one three days ago on the FF board, and it's rallied 23% in that time. I know that trees don't grow to the sky, and this thing is pretty heated up right now, and the volume trailed off this week, but YEE HAA.


Doug

Edited by PorkLoin, 22 December 2006 - 05:50 PM.

[SilentOne]

Hi guys,

I went long ASX.V last week. This is a stock I had bought a while ago at $0.20, and a bunch of it. Sold it as it hit the $0.75, and then it got away. Well, I bought back in again just before xmas (tax loss selling was about over). Weekly chart is looking good with the reversal this week. I think it got a Dines mention Friday.

http://bigcharts.mar...&mocktick=1.gif

Happy New Year All!

cheers,

john

[PorkLoin]

Hey John,

Here's hoping 2007 will be good for all of us. I'd take a repeat of 2006 (even with the Canadian royalty trust deal).

Thanks for mentioning Alberta Star. Hadn't looked at it in a long time, and you're right - weekly chart looks good. Just bought some this morning.

Bought more Energy Metals and FRG this past week. EMC.TO is my biggest position, and it's now listed on the NYSE as EMU. Go baby go.



I see them as (potentially) having completed corrections, and the past few days have been good.



Have an order in to buy more Denison if it goes a little lower.



Mentioned Forsys 7 trading days ago and it's up 55% since then. Sheesh. Had orders in for more this past week and it just keeps running away.... I give up on trying for more until it settles down.



Up 416% in 14 months on Paladin, the best-performing uranium stock I have. I'm not chasing it here.


Best,

Doug

[SilentOne]

doug,

ASX to a header and I was stopped out last week for wash.

Hi guys,

I went long ASX.V last week. This is a stock I had bought a while ago at $0.20, and a bunch of it. Sold it as it hit the $0.75, and then it got away. Well, I bought back in again just before xmas (tax loss selling was about over). Weekly chart is looking good with the reversal this week. I think it got a Dines mention Friday.

Quite the reversal in uranium stocks.

cheers,

john