OTCQB:UEXCF - Post by User
Comment by
thelandofthelivingon Mar 27, 2011 4:26pm
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Post# 18347406
RE: 5 reasons NOT to buy UEX.
RE: 5 reasons NOT to buy UEX.1) Uranium market sentiment is very bad at the moment.
2) UEX is still trading well above its 52 week high, lots of room to move....Down
3) UEX has alot of outstanding shares.
4) If it is such a good buy right now, you would think the insiders would be buying now, right???
5) As far as being the cheapest U stock on the TSX, that's not quite true. There is a plethora of decimated U stocks to choose from, lot's with actual earnings.
This all being said, I still like UEX and I do like the long term potential of Uranium, however I feel there is a high possibility of cheaper entry points into many of the Uranium stocks out there. I would say to any buyers out there, hold for the long term (at least past 2012), don't worry about the dips and you should do okay.
GL