Quote:
Originally Posted by TexianPatriot
I might take a small position in it. I'm by no means a day trader. I don't have the time to follow stocks at the micro economic level. I look at general trends and I see a bull market in commodities. That's where the vast majority of my holdings are now allocated to. You did make a great call on it though. When would you suggest getting out? It's at $3.40 a share now. Do you think it'll get to $4?
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Yes I do see it at $4.00 ... thats only 18% from here. It really depends on your time frame. This stock and all the Uranium stocks are very Volatile but they have a lot of upside potential over the intermediate term 1 to 3 years.
This stock hit just over $7.00 not to long ago and it wouldn't surprise me to see $4.00 to $6.00 in the not to distant future.
There are several other good plays in this sector as well. It depends on whether you want to go with the explorers or the producers.
URZ is an explorer and plans to start producing in 2010 in Wyoming. Far safer than many U companies that are in dangerous unpredictable areas.
As I mentioned earlier, I hold a large core position and also trade a medium position and have made a lot of money on just this one stock. In fact it is my largest single holding.
I can understand people not wanting to listen to chatter and B/S on the internet about investing, but I can only say I dance to my own Drummer and have made it on my own. I don't pay any attention to the Jim Cramers of the investment World. I do my own research but am not a technical follower. I pick all my own stocks. I have also made a lot in Gold and Silver from 2001 to 2003 and beyond.
I will stay with the Uranium stocks for at least this run and maybe longer.
If you buy in, be prepared for ups and downs but the Trend Is UP for now.
Personally I wouldn't hesitate to buy at $3.40 even though you just missed $3.00.
I am a little different type of person than you would normally find. I don't mind sharing my secrets if it benefits someone that otherwise wouldn't have a clue.
I even share some of my favorite fishing spots .....Now thats really special.
Good luck if you decide to jump in. Use your own best judgement.
Silverfox