GREY:SXRZF - Post by User
Post by
Premier1on Mar 19, 2011 2:35am
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Post# 18309618
Opportunity here
Opportunity hereAs the Oracle has been heard to say, "Be greedy when others are fearful and fearful when other are greedy".
This stock WILL go back up. Agreed, it is possible that UUU retests it's lows of this past week and if things get much worse in Japan, maybe we could even see that 3.08 or so... but waiting for that to happen is a bigger risk than waiting for the SP to go north of $5.
Here is the thing: China and India don't give a sh*t what anyone else thinks - they will continue to build reactors over the next ten years as planned. Uranium prices are not going to fall much at all because the price isn't on any exchange where it can be traded on the whims and emotions of people that have no actual use for it. The price of U308 is dictated solely by supply and demand and the demand will not be significantly diminished by what has occurred in Japan. Because of this, UUU revenue and profit will continue to grow and the SP will act accordingly.
I'd be very surprised if we don't see $7 again by start of 2012.
Thats my 2 cents - the rest is in UUU shares averaged @ 3.58
Premier