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

To: CommanderCricket who wrote (11144)	5/15/2007 2:16:30 PM
From: chowder	Read Replies (1) \| Respond to of 30204

Re: URZ ... CC, when URZ took off above $5.00, there were a lot of people who wished they had bought a larger position. There was a lot of accumulation in the $4.60 to $5.60 price range. We could reasonably expect to see some buying show up in this price range as price comes down to the area marked in peach on the chart below. This is where those who missed the first opportunity will want to buy or add to existing positions. I don't know at this time whether it will be enough to start the trend back up, but it does make a good low risk entry point and then it's a matter of managing the position from there. At this point, subject to change depending on market conditions at the time, $5.00 should be a strong support price.