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Cameco Corporation Message Board

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  • just4dummies just4dummies Jul 27, 2005 2:36 PM Flag

    Looks like the final shakeout

    Ditto on that brother! $70... here we come!

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    • Since May 16 we are up 30%. To tack on another 20 plus points in the near term would be almost a 90% return (from 37 - 70). I am not saying that it is not possible, but that is an aweful big run given the fact that the price of U308 has only been climbing incrementally. Don't misunderstand me, I like and hold CCJ. It is just that a 90% run in less than 6 months seems a bit ambitious at this point.

      P.S. I am assuming that you meant that we would get to $70 in short order. Long term I expect $70 and much more.

      • 1 Reply to ycdv
      • I wouldn't attempt to put a time frame on advancing price measurements, but would suggest that a breakout above the latest high at just over $50 should accomplish that objective within approximately a two to three month period.
        It may seem like a bold thought, but why not? In bull markets, especially after the recent consolidation period, a strong increase in momentum could cause a very sharp parabolic effect in a hurry. However, there are people who use cycle analysis that might possibily
        pinpoint the next cyclical high. Long term, I wouldn't even try to guess, but I'm sure we're all going to see some amazing advances
        that will dwarf what's been seen so far. Another factor would be the reaction of those who thought the last pullback was going to be worth their effort to short the stock. When the shorts get trapped they can panic and cause extremely large reactions price. Like they say, "You ain't seen nothin' yet"!

 
CCJ
12.34-0.17(-1.36%)May 2 4:03 PMEDT