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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (3790)	11/5/2006 8:43:55 AM
From: smh	Read Replies (2) \| Respond to of 30167

Hi TSL, Dines hype seems to be a little over-the-top. I think almost anyone listening/reading what he is saying would agree. As said before, I don't much care for Dines style...nonetheless I think he has been and remains correct in his vision of what is going on with uranium. My interest in U goes back far enough that I can say I have been anticipating the end of the bear market for the full twenty years. It was so long in coming that I actually lost interest for a decade or so. One thing that stuck with me was a point made by an expert right after the bust - which was that - the longer and lower the price of U stays depressed, the faster and higher the price will have to go in order to revive the industry. The rest is history...in the making. Dines analogy to the internet stocks may not turn out to be as outrageous as it probably appears to some. Back in '98-'99 I was a real investor novice (still am a novice trader even though no longer a newbie). The internet and online trading were still new (what a fantastic opportunity and equalizer these developments were for the little guy investor). Good fortune was smiling upon me, for in the same time frame, a self managed brokerage account option became available to me within my 401K plan. Well, I seized the opportunity, notwithstanding the small, but not insignificant magnitude of my life savings as contained within my 401K account. I began looking for the "next big thing" to invest in, given my newly realized investor empowerment. I actually overlooked the internet opportunity itself. So, why am I telling this story? Well, while I missed the internet (had never heard of Dines), I did hit upon the biotech sector as the place to invest. You know what happened next. Over the 12-18 months prior to 1/1/2000 I had built a nearly 100% biotech portfolio. Somewhere about early November 1999 some of my stocks started showing some newly found strength. My portfolio became increasingly volatile as Y2K approached. I was clueless at the time and remained so until well into January before I began to realize what was happening. And now my point. What is going on in the uranium sector now reminds me of that time period just prior to the "once in a lifetime" internet/biotech market bubble. I can't really explain it any better as it is more of a gut feeling. So take it for what it is worth. As much as I hate to admit it I am riding the same bandwagon as Dines. SMH