ORIONS Money Stocks

[Sumdude]

$URRE.. Augusta. I see what youre looking at here but I just still think theres better safer options. the sector is hot. that's not in doubt.

Technicals are awesome you and I both use them effectively but its the fundamentals that can get some folks trapped.

heres what I know about the company they aren't producing and they are burning capital obviously why they put an offering out for 2 bucks.

technicals can work out here if the sector stays hot and pressure continues but I see it as being a bit dangerous buying until it settles down a bit.

it posted a 26% move today that's huge but it lost about 50% from the high right after the offering. I see today as a whipsaw bouncing off the break out point and the announced offering price of 2 bucks.. chart doesn't look healthy to me at the moment needs some time its all over the place trying to find footing. I still think it settles around 2 bucks before its all over and maybe even cover the 175 gap.

compare the ccj or urg charts to urre. even ccj who had bad earnings guidance released a couple days ago didn't tank as bad. URG on the other hand is a low cost producer with an expansion pipeline with uranium contracts currently in the 40's.

healthier stocks,

maybe urre powers through I don't know and I hope you guys all made a ton on it. I did on urg. I just think a proven producer right now is golden compared to urre and its still way early into this sectors move. I hope it goes to 579 or 643 for you. this one makes me nervous.

choice is simple.. buy a producer or buy a maybe soon to be producer that diluted. at 2 bucks.