Opportunity in uranium?

derryb

I, for one believe so. URA dropped 17% and NLR sank 12%. The world is too dependent on nuclear power for any demand to shrink. When the nuclear dust settles I see uranium related equities recovering from their short term buying opportunity lows. I will be watching for the bottom and a good entry point.

roadrunner

You don't think we saw the bottom on the second down day with levels now about 20% higher on some of those uranium stocks? There's also the issue of those huge higher gaps
as well. I figure it's going to take some fresh and seriously negative news to drive most of them back down to the lows of last week.

Many of the individual stocks were so hotly driven for the past 6 months that there were ripe for a 40% correction. Some got 55% corrections. But I have to think they would have gotten down to that 40-50% range regardless of the bad news. It just would have taken a while longer. We might find that they preceded the main market down with vigor rather
than a methodical decline. Time will tell.

roadrunner

BBQnBLUES

You planning on "stacking" Uranium too ?

derryb

<< <i>You planning on "stacking" Uranium too ? >>


As a retired nuc inspector from DoD I do have my yellow anit-c suit, with hood, gloves and booties. Normally I just use it at Halloween.

derryb

Anyone else been riding the uranium etf URA?

PerryHall

I wouldn't touch that stuff.