UEX Corp T.UEX

Oil is down below $50

[Harvard99]

One oil expert on CNBC said oil could retrace to $35 with a Kerry victory. I have another stop sell at $1.60. If UEX hits I'll be out completely. Read Monte Cristo's post on UEX: 1) Don't confuse an investment with a speculation. Neither make any sort of investment sense. As for speculations, they only make sense if there is some pending news that you can get in front of before the rest of the pack. And the only thing I can think of is perhaps some possible good results by uex at Shea Creek. But at a $C300M capitalization for both companies, any good news would just be a trading opportunity, not a hold. 2) SXR is right beside the often alluded to Millennium deposit. I wish Cameco would release some details since this one has been talked about quietly since 2001. If there are good numbers than SXR should get a pop. Particularly with its now modest market cap of about $C40M following the share price meltdown. jnn is about 10 miles away from this find if I'm not mistaken. But all stocks will likely pop on good news. Trouble is, when and what will this news look like. Good or bad? This year or next, or ever? As for uex's announcement a few weeks back- not very impressive and looks like it was timed to ensure the latest secondary offering of stock got acceptance. An old trick. Harv PS: I agree with Monte. The bagholders who bought the flow through shares at $2.50 may not see that price again for 12 months. The only problem with investing in commodities is they can go down as quickly as they went up. I now see UEX back at $1 soon, the 200 MA. At this point I'd be a gambler more on the down side than the opposite. The trend is your friend. Shepper, so much for your 40 day prediction. XM Satellite is looking good again. Canadian $ will be going down from here.