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Given that nuke sector outlook is so bad. You're down more than 10K, nearly half your investment is gone.
You waited months for a recovery. Now it's haemorrhaging towards delisting and worse, a reverse stock split (which I HATE)
This is just one stock. I have faith in the other two, as they look sturdy enough and have cash to face off with the negative outlook.
JL just messaged me this morning. And I see some opportunity in the trade he made. I am out of bullets, but I think I'll issue a reckless sell-off and initiate this other trade. I can offset this loss over time. Actually, in the broader pumped in versus pumped out comparison statistic, I'm still up, from where I started.
Pending your other resources...If you needed the cash I'd get out and reallocate elsewhere. Otherwise treat it like money lost for a few years and leave it there. It wont get healthy for a few years at least. Japan incident really hurt. Heard the Chinese are still going forward though.
Pending your other resources...If you needed the cash I'd get out and reallocate elsewhere. Otherwise treat it like money lost for a few years and leave it there. It wont get healthy for a few years at least. Japan incident really hurt. Heard the Chinese are still going forward though.
Yes, long term spot prices are healthy for uranium.
But it went under 1 and there's a lot of chatter about delisting and reverse stock splits to avoid it.
I also talked to the Indian guy in Mumbai this am. He gave me some cool info. The Chinese are taking a lot of flak for monopolizing the REE sector and running away with it.
To dilute some of the flak, they have presently pushed REE spot prizes down. He said JPM Chase may be working in cohoots with the Chinese on that.
It's a JPM guy who downgraded Molycarp and it's getting pummeled hysterically.
if you started from scratch, would you buy it today? seems like ppl are far less likely to sell what they already own, than to buy the same thing with cash if they didn't already own it. if there are better opportunities, then sell and buy those.
if you started from scratch, would you buy it today? seems like ppl are far less likely to sell what they already own, than to buy the same thing with cash if they didn't already own it. if there are better opportunities, then sell and buy those.
Bingo. Agree 100%. Many people--and I'm referring to no one in particular--have a mental block when it comes to selling stocks that they're down in.
Depends on your time horizon, Short term, not much chance of recovery, long term, will have to be part of the solution for peak oil. Took 30 years for people to forget about the last round of accidents and begin to think seriously about new construction, will probably be less this time due to necessity.
Depends on your time horizon, Short term, not much chance of recovery, long term, will have to be part of the solution for peak oil. Took 30 years for people to forget about the last round of accidents and begin to think seriously about new construction, will probably be less this time due to necessity.
Uranium is the future, so it's not gonna take 30 years for sure. Possibly a couple or three.
But the problem here is a reverse stock split to avoid delisting, which is totally worthless
Tsunamis and I have a connection. The first one made a damage to my father's property. The second one puts a hole into my portfolio. I think I can take on the third one now.
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