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Cameco Corporation Message Board

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  • richardelarson47 richardelarson47 Mar 18, 2011 12:56 AM Flag

    when to buy back in...

    I agree in principal with you but I don't think "the masses" have any say in anything. The "masses" in this country sat idly by, watching a financial meltdown, the huge bailouts with THEIR money. They didn't storm the Bastille and demand any reform of any magnitude. Wall Street took the bailout money, got on its feet, returned the money, then went on paying huge bonuses. There's never the perfect time to invest in something that is down, as you can't predict the absolute low price. I bought BP and Massey, last year, after they got killed, while reading how it was "going to take years" for them to recover. I think you go in with the idea of dollar cost averaging. Uranium isn't going to be banned as a commodity. And people have short memories. If this thing proves to be anything left that a nuclear holocaust, this stuff will be page three news in a week and we'll be fretting about something else. When a commodity is down, you buy the company most leveraged to that commodity--that's why IT was down the most in the first place. You just make money on the leverage going back the other way.

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