RE:MGA/NXE/TORO write up. MGA undervalued
MGA is going to be a medium/ long term hold and play.
The uranium market is currently being ARTIFICIALLY dragged down by Cameco's warning for lack of profits and them doing layoffs. This should, in no effect, bring other uranium stocks down with them, but strangly enough it is for some darn reason.
Just know that because Cameco is the biggest (or second biggest) and most respected senior uranium producer worldwide, the II's feel the need to cover their investments in this sector and play follow the leader, even if it means bringing down the value of other uranium stocks as well.
This is what I was telling you would start happening with BS news going 'round and affecting the whole sector as a whole ... just know that these are BS games meant to steal your shares in the short term. You'll see soon enought that uranium SP's will shoot up again once they got their fill of buying your stocks for a quick 5%-10% discount.
Just stay strong and long and remember that this will be a long road before MGA's sp reaches into the dollar level.
I said that it would be possible to buy and sell with BS news (such as this mornings Cameco news) but their news came with no warning or notice to the little investors like us ... only insider's and the big II's had this knowledge ahead of time. This is why we saw most uranium stock sp's drop since this past Monday morning for no real reason .... insiders were getting their rat holes to short the stock for them I guess.
But this downturn in the sp is only another opportunity for us to invest even more and add to our existing MGA investment. I congradulate all thoise who didn't have a shaky hand today and are still holding strong and adding more. We'll be the winners in the long run.