The next Panic: to the downside or to the upside?
Markets involve seasons of "panic". We have just gone through a uranium panic and many left uranium plays, whether that be CCO, DML, FCU or UEC (American exchange) as a result of raw fear. Markets can be very "emotional". There are panics to the downside but also panics to the upside.
I was deeply invested in Hathor, when the market "panicked" and I sold HAT as a result of the Fukushima tragedy; I caved to the price action and sold my shares. My mistake was not monitoring the price of HAT after the disaster--I should have re-entered a position with HAT, but I did not. Eventually Hathor recovered nicely as I remained paralyzed on the sidelines.
FCU has a better find than Hathor...I hope to add to my position in FCU and will wait for an upside "panic" of buying of FCU and then sell out after we get an offer.
So what do you think is next, a downside panic to sell FCU, or a consolidation period followed by an eventual panic to the upside, as people seek to buy shares due to a change in the price or Uranium, a bigger resource estimate, or rumors of a buy offer?