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Strateco Resources Inc SRSIF

Energy
Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.


GREY:SRSIF - Post by User

Strateco Resources Inc
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Comment by Orwellon Mar 03, 2007 10:32pm
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Post# 12350383

RE: Assess the situation - clearly

RE: Assess the situation - clearlyI first bought into RSC around 0.80. I sell chunks of it when it rises up too fast, and then I buy back whenever it corrects. I sold 25% recently around $3.60. Look at the chart, it went vertical at that point. Unless there's some sort of worldwide equities crash continuing, I'll be looking to buy back soon, possibly next week. If you already own it, even at high prices, and you didn't get out last week, I wouldn't be selling now. Sure it could go lower, it could stop out lots of people down to $2.50, but then rise back to $2.90 the same or next day. That's what's called being whip-sawed. Would you like to sell, and then see it at $5.00 later in the year? O.
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