GREY:SXRZF - Post by User
Comment by
tillbillyon Feb 24, 2011 5:01pm
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Post# 18189951
RE: RE: RE: RE: Anyone considering buying back her
RE: RE: RE: RE: Anyone considering buying back herOne Con I can add is general lack of enthusiasim. Uptick volumes are light...upticks are met with selling (Shorting?).
This is bearish and the shorts will win the day if some buyers don't come to the table.
With the Dow poised for a slide due to a REAL threat of global recovery stall-out due to Hi oil prices those buyers would be dumb to pile in now.
If you think this is just a blip you would be better off shorting oil or silver then buying Uranium stocks at this time.
If you think the up-trend in Oil and mideast garbage is the real deal you would be better long in Cdn Oil company's or long oil/Silver/Gold.
No matter how you think the fact is UUU/UEX and all things like them are stalled...which means they are not going up (for now). My experiance tells me that things that are not going up...usually trend down.
If she breaks 6.20 pile in...but that won't be until the market normalizes.
UUU will have it's day in the sun again and I'm resigned to holding (yes LouE i'm a bagholder), but any cash I have is short oil and short Silver as of noon today. I think were looking at a blip. Once oil starts dropping it will trip stops and the sell-off will be violent. Same for Silver.
Good Luck with your investments but I would wait for 5.50 with LouE if I were you.