RE:RE:RE:RE:Cameco "desperate times call for desperate measures"Millionaire Malcolm, wasn't this supposed to be a $10 stock by 2020? I have watch you lie repeatedly with your long a** posts like you are at a podium, offering advice while portraying yourself as an expert. You should be ashamed of yourself if just one person bought high based on your lies. You claim to be a millionaire with if I am not mistaken 30 years in the industry? Heavily invested in U spec stocks at that age? PLEASE CONTINUE READING Myself and a couple of others told this board that the stock was extremely overpriced and poised to plummet. You claimed in February and July of 2016 that this was a $10 stock by 2020. Now that is when a "possible uptick" is happening? Back in April when the stock was near the all time high you stated "anyone selling now would be foolish", followed by "still cheap at $2.48 and has a long way to go". Did you mean at that time 10% before plummeting? In May, when the decline had begun, you said that 2016/2017 was the turnaround point. Then that you would consider "buying more at $2.50-$2.60 range. In early June you stated " you are not making a mistake buying at this price"(which was about $2.35) On June 8th you stated " at $2.78 this will seem like the bargain of a lifetime" (wow what would $1.60 from Thursday look like?) June 17-"cheap stock at $2.72" July 12-" I will not be selling until at least 2020"(but now that is the start of an uptick?) "At 2.54 it has only just started"(were you referring to a long term downtrend because that's not what you said?) July 14-"my prediction is $10 by 2020(again the start of the uptick? Wow what will it be after the uptick?) You are most likely a young trader but most certainly a liar. Sing your mantra of buy and hold all you like but the fact was that this stock could be had for nearly half of the high that you were attempting to convince new investors to buy at.
Malcolm2001 wrote: I am inclined to agree with you there armchair. Not sure that analysts actually get their predictions wrong but they sure do miss the boat on timing. Since Uranium is what I do I fins that analysts look only at the economics of situations rather than the operational technical information. For example everyone expectyed a big run up in Uranium once the HEU agreement ended but they forgot about ghas centrifuges...which you cannot shutdown and underfeeding (no one ever said you have to start with natural uranium).
Problem is with all these predictions is that there is not a soul on this earth that actually KNOWS in pounds exactly how much Uranium is already out of the ground. Without THAT information everything else is pure speculation. Compared to other commodities Uranium is very unique and the common rules just do not apply. Unlike many I do not think there will be a rapid turn around in Uranium prices and why I keep stating the obvious that this is a long term play here with NexGen.
I see a possible uptick in 2020...perhaps a violent one as Canto Fitzgerald states but NexGen is years away from production and although this is a stunning discovery the big money will take a while yet. Buy all you can now and sit tight. It should make you a millionairre...but not overnight. The short term ups and downs are of no concern to me. I buy on the downs.
Malcolm