Uranium Stocks Message Board

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Gold/Mining/Energy : Uranium Stocks

URNM 53.11

-0.2%

4:00 PM EST

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To: joearenagates who wrote (10598)	4/21/2007 9:22:20 AM
From: TheSlowLane	Read Replies (1) of 30223

JA - good comments, thanks for sharing your thoughts. The initial challenge for technical analysts that look at the sector is that the uranium chart is screaming for a correction. Why would you buy into a sector where the underlying commodity has gone parabolic? And so I have seen people bypass this sector when uranium was selling for less than half of the current price, thinking they would wait for a pullback to enter positions. On that basis, one would still be waiting. Meanwhile the volatility in the uranium stocks has gone in both directions with huge run-ups and retracements. I have been studying the fundamentals since 2004 and haven't seen anything to indicate that the big picture has changed. Cheers! tsl

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