Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: smh who wrote (4347)	11/26/2006 9:08:15 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 30224

Good stuff, smh, Sol does a nice job of elaborating on the point I made earlier about why attempting to evaluate the uranium market solely on technical analysis is not such a good idea. The part of the article I found most intriguing was this: "Contrarians will play this market differently as soon as uranium hits the front pages of major magazines and newspapers they will bail out. At TI where we focus heavily on mass psychology this will not the ideal time to bail out. In fact it’s at this stage that the mass feeding frenzy will begin and the ride up though very volatile should produces additional gains of as much as 500%. We will ride it up until our psychological indicators state that the bullishness has reached to an unsustainable level and then we will bail out." We don't want to overstay our welcome for sure, but we don't want to leave just when the other guests are starting to arrive either. Is anyone familiar with Sol's psychological indicators? We discussed the bookstore-shelfspace indicator earlier today, maybe we have to come up with our own set of metrics...