looks like all uranium stocks are reversing their downtrends and getting ready for a rebound.
I'm holding shares in about 6 uranium miners and they have all been doing well past few days.....
we are going much higher!
hang in there trade logic.....my cost basis is only .71 but I am not selling. I have the same time frame as you do. I will add on any further weakness.
Even if they is further dilution to strengthen the balance sheet. The long term outlook is one of the best for any sector out there. And the reserves in the ground are not going anywhere.
Hold or buy more....
you need to step back and look at the bigger picture.
Nuclear power is the only viable solution to the coming energy crisis.
I have been accumulating a basket of multiple uranium stocks at these bargain basement prices.
Bought more today....
I know that Neuclear power is a must for the future, but building one power plant takes at least 10 years to complete, it is a long time to wait for the Uranium demand to pick up when many power plants up and running. I have been holding URRE for 1.5 years already and it still stays at the bottom and bleeding its cash reserve.
U spot price is still at low even with all the positive news (http://www.uxc.com/review/uxc_Prices.aspx) and U stocks won't move if spot price stays low, since all of them lose money minning Uranium at the price below $60. URI is better to do something else rather just sits there idle and bleeding the cash.
I didn't say the industry wasn't a buy.
The view from 30000 feet is good.
I asked you on what you based your URRE prediction "we are going much higher".
If you really believe URRE is poisted to perform then you need to add a little micro to your macro view.
Because non boardroom stockholders in URI are in real trouble.
Ya, URRE is broken alright.
Just not "out".
Have a look.
pull up the chart of 5 or 6 other uranium stocks...they all have been severely beaten down. Some of them are breaking out. But urre should follow the others and reverse and start moving upwards. I own about 5 myself. They are great long term holds given the recent changes in nuclear power in this country.
they are all at levels that make them incredible buys.....plus if they do resume lower you can add. flash forward a year two or 5 when nuclear power takes hold strong.....you could be sitting on 10 fold gains!
some others to check out: usu urst urz denn uec urg
best to all......