Truly a Wicked Stock Market.. buying this commodity in the ground
Have to say this is a wicked market for traders and investors.
I've decided its worth putting money into URRE. In my humble opinion there is zero chance they will fail and a 100% chance they will revive themselves after this mess is over. The Uranium sure isn't going anywhere, that's for sure, so for me its like putting money in a bank because that's where it is, in an underground bank safe and sound. Shares sure are cheap.
Hasn't anyone figured out that the oil companies are screwing with everyone. Who else has a ten trillion dollar no leverage account to short the world, kill off solar again, cover and own even more.
Can't agree with your level of optimism (100%), but the risk/reward ratio in my own book dictated a buy order today. I was looking for prices in the mid 60 cent range and we hit it. If the market retests 2002 levels then you can expect even lower prices for URRE, and everything else for that matter.
Might want to keep some powder dry for armageddon, and good luck.
Well i am in total agreement! I think i am going to go at least half in when i hit the next up day on my insurance company and low on urre. Hell i don't need the money anyway for at least another 4-5 years. Any thoughts where urre might be in 4-5 years$$$ who is with me on this one?