NYSEAM:UEC - Post by User
Comment by
Stratocheifon Jun 14, 2023 9:34pm
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Post# 35497252
RE:Nothing goes up in a straight line
RE:Nothing goes up in a straight lineGSTbay1060 wrote: Any investor thinking in such simplistic terms that things that don't always go up are bad will be forever disappointed.., Uranium and the equities that are involved in this space are very volatile.. Also the sector has relatively low liquidity.. So just a little bit of cash coming into or leaving will have a great effect.. DO NOT invest in Uranium or anything associated with it if you can't handle seeing 40%of your money lost in a day or two!!! If you don't believe Uranium is in a structural deficit get out NOW!!! If you are a cry baby get out NOW!! But if you think Uranium is going higher in the future do some investigation and ladder into a position... Listen to everyone but believe no one!!!!
DYODD
GLTA
The uranium deficit/boom narrative has been ongoing now for over a decade. I've held UEC for over 12 years. The only time I made money on it was in summer of 2015. Bought at $1.60 and sold at $3. Since then I've only held believing the ____ narrative. Missed out. I could have sold at $6 just a while ago. These types of resource plays are not "investments" they are speculations and should be dealt as such. And ya I've seen the reports. Uranium demand will far outstrip supply by 2035 or so. Well the problem with that is that the further out the prediction, the smaller the probability of it being correct. Who the ___ are these people who can predict the future??? They were making the same predictions 10 years ago.