Ok, Im bored and have a day off, Ill bit and take the baitFirstly, I know Quakes99 (Ill use his handle rather than his real name). We started communicating mid last year when I was a bear in the sector and he was a bull. Although we were on opposite sides of the sector and disagreed on most things, we each understood and respected the fact that the other did their homework. In fact Im probably giving myself more credit than I deserve, he knows far more about the sector than I do and thats very unusual for a bull.
Our trading strategies are very different as mine is a 1-3 year window and his is much longer. Now that we are both on the same side of the sector as Im long term bullish, we still dont always agree.
I think we have a very good chance to double bottom this summer before the bull run begins in November of this year.
I also believe that ALL managment in the uranium sector have acted poorly in their financial fiduciary duties to their shareholders. I dont know any of them personally, but if you look at floats, salaries, expenses, options (and how they are structured) since 2012 all companies in my opinion have acted financially as that year would be the last bad one. Please name me one that has not (I include NXE on that list as well as FCU). But if you have confidence the sector will turn, you will need to plug your nose and buy one of these bloated pigs. You pick the prettiest one with the best resources, PEA, and cash on hand so no further dillution until things turn. And if you are right and the sector turns, Some of these pigs will be good to take to market for a huge profit. Quakes does disagree with me on this..but lets be clear, this is a sector problem not a FCU problem only.
But Quakes99 is not a paid poster or an FCU shill. He is just very bullish. I have the utmost respect for the man and kicking him while hes away and can not defend himself (I have been in touch with him a couple of times while he has been on vacation) makes you look very weak. There is plenty of other bear arguments to make for the next 5 months as we are starting into the change of seasonality.
Ill defend a friend. When I grow up I want to be just like Quakes