been watching both DNR and ORIG. It's like the wild west out there. Lots of opportunities for the MoMo guys to be up to their eyeballs in shenanagins. I keep thinking that it's no different than heading for Vegas and hitting the craps tables. Oil at $40+ good for the market. Creates lots of buzz. Miss my premium unleaded at $1.49 though.
I still remain long on czz. Slow but steady. Looks like the mighty URG had a nice run today. Be interesting to see if there is any follow through. It hits .58 or so I got to consider it a sign of life on planet URG
folks worry about chasing URG, my bet that even all through the 60's most here would still be averaging down.
CZZ has been a bear to get into. My first buy was around the 3.40 area and of course I took my profit to buy ...... you guessed it Urg at 45 and 46. Oh well, woulda coulda shoulda
I don't know where CZZ will be in a month and I'll probably set a stop loss around $4 but, when a 50 cent stock can hardly muster volume of 200ksh/day it's hard to get inspired. GLTA
time is money.... or opportunity. I'm down to 10% of my longest position. Just enough to keep some skin in the game. So many better trades. I just reloaded my CZZ this afternoon. Had a buy in for URG at .50 but pulled it. We need some better price swings. I do believe it will happen - when is the question. I've been in and out of this stock for the last 2 years and it is hands down my biggest stinker.
With as long as Neil dragged his feet releasing earnings, you know they are going to be just awful. But wait spring is right around the corner and it'll be better then. Welcome to Hotel California, where you can check in but you can never leave
I sold half of my .45's and 46's this morning. Of the 3 stocks I'm trading this week- URG has been the underperformer. I'll keep the other half as I keep whittling my break even down. Now at 54. Got to keep it real
As it relates to DNR- all I can say is wow. IMO all you can do is call the entries- the exits are up to each of our pain threshold. Once again.... great call. Personally, I couldn't chase it because the eps was -$12/sh. My strategy depends somewhat on a company being close to profitability. Oil is pushing 37/barrel and we are heading into spring. I think over the next couple of quarters there will be some incredible opportunities in energy. GL
king, if I could give you 5 stars I would. Your DNR is on fire, and I was so wrong. wowsa here I thought making 10% in a few days was respectable. You about pulled a double in the same amount of time. very nice
Why would the miners commit to long-term contracts? They can manage a spot environment way better than a utility. One could argue that in the current environment having as few longterm commitments as possible might be the best way to drive both long and short-term up
the utilities are paying a 30% premium to hedge 7 yrs out over what now is arguably the lowest prices paid for U308. Compare that to paying whatever the miners can charge when they are able to dictate the pricing in a spot environment. Would seem like a pretty lousy risk reward scenario for a electric company. FYI per law (at least in the SW), the cost of fuel cannot be marked up by utilities so it's pass through expense to the consumer anyways.
hey el- so you buy something other than PEIX. I picked some up around czz up around 3.35. tough stock to call. but these runs seem pretty resilient. Be interesting to see if it can go all the way to 3.70's
Hey King took some time after dinner to look over your dnr. Just playing devils advocate but I'd say it's trading near a short term high. IMO, i'd call a retracement to between .98- 83 late next week. Might be an interesting entry around next Thursday.
On another note wanted to say thanks for highlighting your picks. IMO that's when these boards work the best. Lots of folks make a lot of noise but to hang it out there and make a call is where the rubber hits the road. take'er easy, have a great weekend
looks like they lost a penny on the quarter. not real happy about that. I'm going to set my stops pretty tight on Monday.
I made mention of this a month ago, I thought that was the largest downside to the deal. Very little risk to them to short as they were covered. With that said, this week was the perfect setup for next week, IMO the week all the longs have been waiting for. Oil is up over 3% today. I wouldn't be surprised if Jeffrey shows a .01/sh gain for q4. Lets all hope for some fireworks folks
Sentiment: Strong Buy
I don't know Vinny, I just pulled out my magic 8 ball to confirm my buy signal and it said "I better not tell you". So there......
You now have the dubious honor of holding this stock during it's all time low. 2nd of course to its all time low back in Nov. I just increased my stake by picking up my commemorative shares at .45 ....huraaah
I have looked at this stock from every time frame starting at 6 months to a minute chart and all I see is an virtually untradeable POS. I really need to dig back 3 yrs and figure out what drew me to this. This stock is an exercise in slowly losing your money.