RE:RE:RE:RE:RE:RE:RE:RE:Hmmmmmm let it be trueKeep in mind that I could be completely wrong on the timing of the uranium turn around. You never know in these markets, institutions could decide the time is near and push all these stocks up to another level and retail investors are left chasing the stock at even higher prices.
It's a tough miss, especially if you've been holding the stocks for over a decade. I know because that is exactly where some of my money has been for the last ten years and I did miss the initial move up after the March lows. However, I was able to play a few others based on their charts and seemed to have called it correctly as they have all come down from their recent runup highs. Even Ur-energy was sitting at 99 cents. Hindsight is always 20/20, but it sure would have been a great sell point.
All the years I've been in the uraium sector and the information learned, I figured it wasn't time yet, there was no need to chase it and had I been wrong, well too bad for me I guess. One of the things I've also learned is that there is always another stock or sector that will do well. If I miss the train, there is always another one to ride. I just don't want to be on the one that crashes and I felt the move up in the uranium stocks was premature so it was an easy call to my profit and run. Greed has always been the enemy for most of us. Never satisfied with the profits we make, always wanting more and holding on just a little too long.
All the retail investors get so excited the moment the spot price moves. Most invested in uranium have no clue what actually drives the uranium market. I have mentioned many times in the past the spot in uranium does not work the same way as gold or other metals. I sold all the other uranium stocks I jumped into at their highs or near their highs. The charts were following the fibonacci numbers almost perfectly.
If you don't mind holding your uraniums for a little while longer I'm sure the rewards will eventually occur within a year. Like I said I have plans to get back in. In the meantime I just feel safer holding some of my other stocks. March 11, 2011 is still a haunting memory when I watch massively huge profits made in the uranium sector wiped out in only a couple of days (if I need to explain this date to anyone reading this, you are definitely new to the uranium sector). What I could have done with that money many times over since. Perserving capital was also a lesson learned. You need money to make money!