Comment by
inviolablspirit on May 25, 2020 3:37am
RE:RE:why are we going nowhere?
I certainly don't disagree with the upcoming shortage of uranium. I was invested in uranium during the last uranium bull market so I know how fast the stocks can move when it's time. The gains can be spectacular! We saw a small taste of that in the recent run up. However, The biggest factor as to why uranium stocks moved as they did a decade ago was because the utilities were back in the market buying. The utlities are not back in the market buying yet. They will be, but not yet. If the supply shortage is predicted by 2023 then utilites will probably start buying in January 2021 as it will take upwards of 18 or so months for the conversion and enrichment of the uranium and fabrication of the fuel rods. In the meantime, the uranium stocks will probably hit some low points again in October and November, so it shouldn't be of any surprise that the uranium stocks have cooled off a bit or even started dropping. This is why I mentioned the cannabis stocks. It's another beaten up sector, which is beginning to move. Some of the cannabis stocks have already made some significant gains. Imo I think the whole sector is ready to move up again and surpass many of the uranium stocks that moved.
Comment by
toorisky29 on May 25, 2020 10:43am
That makes perfect sense.. it's almost evident actually to what ur saying what are some good weed stocks to look at aurora cannabis has moved up allot so too late per that one