the capitulation phase is underway for the uraniums
Started by
atlasshrugged
, May 23 2007 02:25 PM
4 replies to this topic
#2
hiker
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Posted 23 May 2007 - 02:33 PM
7 of the US symbols are green right now
6 are red
USU reached new high today....now up 2.6%
mixed bag in the sector...pockets of strength..EMU USU URRE BHP RTP
#3
TechSkeptic
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Posted 23 May 2007 - 03:20 PM
Hard to predict the exact timing of a turnaround. I'm mostly holding what I have (from lower levels), but not buying much more for the time being. It's my opinion that the easy money has already been made in this sector, and it will be a lot tougher from here as downside risk is greater at these valuations compared with a year or two ago. Not to say there isn't a lot of potential left, it's just going to be a bit trickier to get in and out at the right times.
#4
hiker
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Posted 23 May 2007 - 03:38 PM
TS - ditto that
CCJ needs to be added to my mention above...new high today
Edited by hiker, 23 May 2007 - 03:39 PM.
#5
skott
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Posted 23 May 2007 - 05:52 PM
as the gold stocks go so go the uraniums. and I think the goldies are not ready to break out yet and could go much lower. I'm holding my uraniums because in the long run I think they go way up and I want LT cap gains when I sell. The high price of uranium will IMO hold and continue higher and this should support the urans some even if gold stocks and the markets fall
