GREY:SXRZF - Post by User
Post by
tillbillyon Oct 22, 2010 4:38pm
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Post# 17600780
3.78?...had to buy
3.78?...had to buyTook what was left of my Gold stock profits and doubled down my UUU trade.
Gold stocks will rise again after they report earnings but I figure they will be flat to down next week.
Must admit 3.76 got me nervous and made me want to sell...I almost gave up on the stock as 3.79 appears to be a support level (IMO) and 3.85 a headwind. Break-outs above 3.85 never get the support to hold. Break downs below 3.80 bounce up with some support.
I'm thinking the heavy-hitters are waiting on news...they are taking a "show-me" stance. Can't blame them.
I personally can accept the risk and here's my opinions on why.
3.80 appears to be the new fair value for this stock with Uranium at the present price level, and no bonus dividend.
But the Uranium price will inflate as/per Gold/silver/wheat/corn/cotton/cocoa/sugar/everything but oil/natgas.
And the good faith dividend will come
American protectionism could skew the deal but they have enough problems to deal with.If they want to nationalize there pidly Uranium mines I'm sure ARMZ will sell them U.S holdings. NaturallyU.S would have to wait in line for any non-US Uranium after that stupid day if it should actually take place.
If the news comes out that the deal is nixed my stop loss will trigger at 3.70 and I will buy with both hands from 3.26 down.
This stock will rise to 3.80 with in 2 months of the "bad' news.
God hates a coward.
Have a good weekend