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Uranium One Inc SXRZF



GREY:SXRZF - Post by User

Bullboard Posts
Comment by steam73on Jan 08, 2011 3:05am
548 Views
Post# 17942880

Uranium One

Uranium One
Good evening/morning all,

I was just looking at the TSX Short Report for Dec 30, 2010 and noticed UUU has climbed to second in the list with almost 33 million shares outstanding on the short list.  I am wondering how to interpret this:  Is this a sign of weakness in this stock and the shorts are playing it as such?  Or with 32 million buyers of these short stocks, will this precipitate a price surge if uranium stocks resume their upward trend later in the year?

After reading the recent comments on here, I could see this softening to $4 given how the market has softened overall in the New Year.  However, I simply see it as this:  Demand is coming from China, where they are building a number of new nuclear reactors.  Supply is catching up to that demand, which should mean an upward pressure on the uranium spot price.  That should translate into gains for all uranium stocks, especially those who have producing mines.

As I have said before, if this thing hits $4 or lower, I'll be backing up the truck and loading up.  Even at that price, when the dividend is factored in, I'm still on the positive side of the ledger.  Given time, this will be a good stock with a good return.  A little patience is required for this stock to reach its potential.


Steamer

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