UEX Corp T.UEX

RE: NEGATIVE CHART FOR ALL URANIUM STOCKS

[daniel52]

I was not giving you my take on the situation using the P&F charts. I was simply stating what the chart information provided. There are many types of charts and many ways to tinker with the parameters which change the data. Remember the famous saying, "There are liars, damn liars, and then there are statistics". I agree with your observations, but there are other ways to interpret the same info that are just as valid. We won't know until we have an opportunity for hindsight. Further, as pointed out by many we are now in the grips of a down trend fueled by FEAR. That trumps all fundamentals, charts, technicals and so on. Personally I really am not concerned. My core positions were purchased at very low prices, and I have a considerable amount of cash so it it just a matter of finding 10-15% on either side of the bottom and then enjoy the ride up. As a side note, there is some really interesting and useful technical dicussion going on in the message boards right now.