UEX Corp T.UEX

Uranium Sector Analysis

[MegaMAxTZ]

Seems to be more and more gumblings that you read about the stock markets being overheated. I believe they are and due for a pretty big correction. It is October after all.

When the selling begins in a big way and the herd mentality will definitely take over with most everyone selling to lock in their profits. But where will that money go. The whole Uranium market is not much more than USD $ 10 Billion .

I am almost all into Uranium companies and believe some of this money will be the Hoover dam garden hose analogy into Uranium companies. Some of these stocks will go nuts. Add on the specifics of the Uranium market itself - spot rising - demand rising due to all the new & bigger Nuclear plants - supply being cut by CCJ, KAZA etc. No Uranium company is making any money etc.  New hedges hoarding physical Uranium waiting to make money. Gasoline is now on the fire. 

We are past the bottom and some Uranium companies have doubled already in 6 weeks. UUUU is one of them and could double again in the next 3 months with 232 coming.

And now UEX with no movement. I am not concerned at all actually as it is still early in the run. Remember I have said it before and will say it again 1973 - Secretariat- Preakness - dead last until the first turn turn then BAMM into the lead. 

This is a twenty cent stock right now. Crazy low compared to the ( quality) peers. Some of which are moving. UEX is simply still off the radar but it is on all lists of companies in the U sector.  When it gets attention it will move pretty quick. Predict new drill results on the 9 th - then we will see. 

MM