well well well, what a shake out today on weak hands so ...
congratulations to those who did not sell at 1.80s ... you have done a great decision. I hope we are moving up from here, remember we had a very nice uptrend until the market crash left so ... we hope to continue on such uptrend. GLTA
While I have been critical of URRE management for growing expenses faster than profits, I have also said that URRE is a good investment for the long term (10 or more years) --- at the right price. Today's drop in price below $2 was strictly a reaction to the overall market disaster in financial and real estate areas. I've also said that URRE was a buy in the $1 - $2 area.
So, I put my money where my mouth is and bought Tuesday morning at $1.80. Should the price decline further to $1, I will buy again and dollar-cost-average my overall price.
Now, I'll just sit back and watch URRE's price climb S L O W L Y ... and enjoy the profits.
It was a little bit crazy selling at 1.80s$ ... however, sometimes is difficult to hold stocks when there is a market sell off. At this level, I feel very confident with URRE, and the market seems to improve with the nacionalization of AIG. European markets are up and Asian markets are mixed, so probably we will see a nice bounce today in the market.
My guess is that URRE will be going to 2.30$, just the place where it was before the sell off. GLTA