Still not convinced the correction is over...but if wrong I missed the golden opportunity to load up!!
Are You uranium traders feeling my Pain???
Started by
atlasshrugged
, May 18 2007 01:38 PM
4 replies to this topic
#2
Cirrus
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Posted 18 May 2007 - 02:31 PM
Something going on with EMC.to as it's halted.
#3
TechSkeptic
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Posted 18 May 2007 - 03:43 PM
IC, congrats if you've been making money off the short side, even though you're stealing some of my gains. Still holding most positions long.
#4
atlasshrugged
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Posted 18 May 2007 - 06:04 PM
IC, congrats if you've been making money off the short side, even though you're stealing some of my gains. Still holding most positions long.
thanks! TS!
LAM and FRG just had to gap down a little more and I was going to make the bet of a lifetime...!!!!
darn I feel like the train left with out me!!!
#5
PorkLoin
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Posted 20 May 2007 - 08:16 PM
Iron Cross, most of the time when I've tried to calculate retracements and figure where corrections in the uranium sector will end, the stocks haven't gone down that far -- indicative of underlying strength IMO.
Maybe the correction isn't over -- who knows? LAM and FRG do look like they've corrected "plenty," IMO, and for them to be turning up right now would be right in line with a still-ongoing big bull market -- this was a pretty good correction after all.
I'm not trading these "less speculative" issues (although that could be said to be rather a joke, eh?), just holding for the long-term. Some of the more - producing or senior exploration stocks as well as the riskier but potentially higher-reward ones had a big up day Friday, like 10 - 20% -- don't know what's going on but maybe we're getting a "shake and bake..."?
Best,
Doug
