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

To: chowder who wrote (11146)	5/18/2007 5:12:45 PM
From: chowder	Read Replies (1) \| Respond to of 30212

On 5/17 I presented an analysis for URZ. >>> 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. <<< Message 23544738 Price came down to $5.02 and exploded to the upside on huge volume, up nearly 20% today. That's the power of looking for price points where demand should come to market. It's a low risk entry from the standpoint that if the demand doesn't show up, you know almost immediately and you are able to keep losses to a minimum. When I identify low risk entry points, I go in with a full position, often times a double position so I can sell 1/2 of the position on pops like today and still have a full position for the longer term.