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


To: TheSlowLane who wrote (5926)1/2/2007 1:30:48 PM
From: Tommaso  Read Replies (1) | Respond to of 30230
 
I look at charts all the time, to try to see if it looks like a stock is undervalued or overvalued. If it appears to be overvalued, I try to find out if there is some reason that the company is so promising that it can well be worth even more than it is already valued at. For example, Paladin has had a stupendous rise in the share price, and has a chart that ordinarily would be that of a vastly overvalued popular speculation. But everything I can find out about it fundamentally leads me to believe I should go on holding it.

I think I may have found a uranium stock that is quite neglected and undervalued, and as soon as I can take a position in it, I will post what it is and what I have paid for it. The chart tells me that no one is paying much attention to it.

But I do not consider that using charts in this way is technical analysis.