Even though the world will still need Uranium, almost every Uranium stock could get clobbered except for CCJ. Most of these stocks have little institutional following. Pension funds which have money comming in every week will buy Intel INTC, Exxon XOM, Newmont NEM, and Genetech DNA. Then they may look at second and third tier stocks energy and mining stocks like DVN, EOG, CRZO, TXCO, PAAS, SSRI, PAL, etc.
Small uranium stocks aren't on the list - otherwise the prices would already be much higher.
We are getting these bargains because very few other investors are interested.
This will change with time, just like it has with energy and metal stocks.
But right now, this like 1999 was for energy stocks - most of the world isn't interested. |
