UEX Corp T.UEX

RE: Who are the morons selling?

[st0ckpicker]

Its all perspective. The shares I sold today, I bought on Wednesday. I only made a few hundred dollars but it was two days worth of effort (if you want to call it that) and I like to take the easy profits when they fall in my lap. I like to speculate and go after stocks that I think can either double quickly or go up 5x in a moderate time period. I don't see either happening here unless insane speculation hits and I do not like that game as it is usually the end. Here are my pros and cons: Cons: Market Cap way out of line with fundamentals. Massive recent run likely means time to consolidate and digest. Dearth of drill results. PR aspect (this may not be fair but that last PR and the way UEX reacted to it is a major negative to me) Pros Excellent uranium trend. Very good amount of cash on hand. Good management. Great industry connections. The problem for me with the list is that the good stuff (except for cash) is all on the order of intangibles and they simply must have some fundamental support for theri market cap. I do think people buying here with a long term perspective will likely do quite well. I will move some money elsewhere though.