Strateco Resources Inc SRSIF

Energy

Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.

GREY:SRSIF - Post by User

Strateco Resources Inc

Bullboard Posts

Comment by trader4everon Apr 25, 2008 3:11am

233 Views

Post# 15008301

RE: What more do you want for news????

canonball
of course I wish you luck for your way of picking RSC !

99% of stocks can't escape markets. Taking into account the current weak stockmarket, dollar, reccession fears in the States, uranium 'tireness', weakness of commodity stocks, fearful buyers, and, last but not least, the fact, that pennystocks suffer the most in a, generally weak market. I simply do not need to buy a falling stock .....whatever opportunity this stock might be in some months or years. I leanred a lot of löessons within many years.....and the best lesson has been: Do not buy a stock which does not show a stable (relatively!) sidewards movement by forming a bottom. you knwo that even than a stock can drop further.
As long as the genereal market situation is in a baisse situation - why ever - I prefer to use this situation and try to catch the knife only when it seems to hit the bottom. Try to 'hurt' myself as less as possible ;)

I am also very careful with thoughts like yours " right now RSC is in VERY over sold condition " Who realy knows when a commodity stock is oversold !? Those stocks are still in a extremely longterm progress....if there is progress. While this progress, especially in the first (many) years, such stocks show nothing but undrilled properties and dilution. RSC is not different than other stocks, just better promoted, covered and recommended by many newletters. Oversold means, that you know exactly the value of a stock...............as long as RSC has just results of some drill holes as long RSC is a high risk speculation without any real financial value. As long as real financial value is not visible as long a stock could also still be more overbought insteed of oversold. As we do not know the real value, experienced speculators follow the reaction of the market....as the trend is your friend ;) .........and the market shows quiet plainly RSC still has space to drop.

As I said, IMO no reason to get into a buy panic and waste money while I might get 30-40% more shares for my money some weeks later.
Of course, just my personal opinion!

Bullboard Posts

This junior mining stock offers billions in market exposure