hi doug,
I did not get around to adding MGA.TO to positions. But I did add more UUU.TO and EFR.TO last week. I also added KRI.TO and USU on Friday as new positions. I hope I am right about my USU entry because it has been one hell of a fall for that stock.
I plan to hold these positions well into 2008. You?
cheers,
john
Uranium Stocks
Started by
PorkLoin
, Sep 15 2007 01:10 PM
16 replies to this topic
#11
SilentOne
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Posted 29 October 2007 - 03:42 PM
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#12
PorkLoin
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Posted 30 October 2007 - 04:47 PM
John, I plan to hold 'em a long time. I have all those you mentioned, just not so heavily weighted to UUU this time around. Waiting for USU to break up. (Do you hear that, USU? Let's go!) And EFR.TO having trouble with the 2 level. Sheesh.
I'm proceeding as if the uranium price has now turned around and is again in bull mode. We shall see. Also that the long-term picture is a very promising one. No guarantees, and trading on perceived fundamentals is really dumb, usually. However, the moves down after this spring's price highs in most uranium stocks burned a lot of people and got rid of "speculative excess" to a large extent, IMO.
Was $7 in 2000 and below $10 in 2002. It had not only a hard fall but the first move down in four years. Is this still really a bull market? I think so.
Best,
Doug
I'm proceeding as if the uranium price has now turned around and is again in bull mode. We shall see. Also that the long-term picture is a very promising one. No guarantees, and trading on perceived fundamentals is really dumb, usually. However, the moves down after this spring's price highs in most uranium stocks burned a lot of people and got rid of "speculative excess" to a large extent, IMO.
Was $7 in 2000 and below $10 in 2002. It had not only a hard fall but the first move down in four years. Is this still really a bull market? I think so.
Best,
Doug
#13
PorkLoin
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Posted 30 October 2007 - 04:57 PM
Mentioned this one in March when it was around 10. Also produces base and precious metals. Might get a little decline here; might buy some more.
#14
PorkLoin
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Posted 21 November 2007 - 10:46 AM
Uranium price update.
It languished for many years, bottomed in 2000, $7, rose until earlier this year, over $130 per lb., then fell hard below $80. Now has rebounded to $93.
Doug
It languished for many years, bottomed in 2000, $7, rose until earlier this year, over $130 per lb., then fell hard below $80. Now has rebounded to $93.
Doug
#15
dougie
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Posted 04 December 2007 - 09:10 PM
any thoughts on Uraniums coming into buy range again?
#16
Russ
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Posted 07 December 2007 - 07:30 AM
Seems to have found good support, bottom may be in.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#17
PorkLoin
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Posted 30 June 2008 - 05:22 PM
Well, the bottom wasn't in. Many uranium miners just got absolutely crushed. Perhaps there are now some signs of life, but we'll see. Risk is certainly lower now.
Long-term, worldwide, I'm as bullish as ever.
Doug
