RE: THE FALL OF CAMECOThat's funny J_M_G_A I know you where just in Nova NCX... like I was recently... made good money off that and based on what I see in the charts and what China is doing... I just bought 500 CCO today to start my position again.
CCO was one of the few stocks I had picked up last December that made me money in 2008! I have owned it and RSC a few times... RSC paid off my Mortgage with it's prior performance.
Question why so glum on CCO?
I think you're beating management up needlessly. They have had little direct control over most of the recent and not so recent set backs. No question CCO has had set backs but in the history of mining I am sure lots of other mines and companies have had their share...too!
But CCO is still the 800 pound monkey in the room...so I won't count it out just yet... they have forward hedged contracts that are still making them good money and they have cash. And they could be in the market soon to pick up some very good properties cheap.
The 30+ Nuclear power plants China has in planning and construction didn't disappear, or the ones being considered even here in Canada ...like one for the Oil Sands!!!
Oh well ...we'll see who was the wiser come November 2009... the charts I have don't indicate that but if you have better info please post it.
Oil is coming back and so is Uranium...bet on it!
Cheers