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Gold/Mining/Energy : Uranium Stocks
URNM 59.67+2.4%Dec 11 4:00 PM EST

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To: Tommaso who wrote (8723)3/3/2007 11:51:40 AM
From: energy_investor  Read Replies (2) of 30215
 
Tommaso, you make some excellent points!

I haven't lost a wink of sleep over the last few days regarding this market correction for all the reasons you so eloquently point out. If the recent market correction were occurring when the prices of our UR stocks were say 5 times higher than at present I would be worrying (but then I would have reduced my UR exposure to some degree well before this point). At the moment, however, I believe many of these stocks are still very inexpensive (based on DCF calculations and other factors -- I am excluding pure uranium exploration plays here; these are more like buying a lottery ticket , IMO )

Interestingly, my calculations show that I can still expect to more than double my money this year, even after the recent correction.

Cheers

Energy_Investor
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