UEX Corp fka UEX

[alibongo888]

Buying the Fear.....so while the broader market was getting crushed over the last couple of weeks Uex was feeling the downdraft bringing in its own 52 week lows I've been busy nibbling and securing more UEX shares into my trading account.....

It seems that many mistake uex share price weakness as a sentiment indication for the Uranium sector as a whole, when in fact it is just ETF downsizing by Global X $URA due to broad market weakness and Capital preservation by large investment firms redeeming ETF's.

THE SPOT PRICE remains at or around $28/29 and in 2019 will bust $30 on its way to $40 and beyond.

The uncovered demand accelerates and the supply /demand economics remain compelling.

Cameco is going to attempt to buy 12-15 m lbs on spot market when competing with new funds set up ....etc etc

So when I see uex at their current lows I think buy buy buy because the underlying story is compelling even though the broader market is bleeding out.....

Opportunities like this don't come around often especially when Uranium is so close to a sustained breakout to the upside but FEAR grips investors with only a few who understand the opportunity prepared to buy.buy.buy....that's why I love contrarian investment, oh and it pays BIG Money. ......just my thoughts on a alow Saturday before Christmas.

Seasons Greetings to you all; dyodd and Enjoy the Ride for the market has given us the greatest gift of all this year to accumulate uex / coex at fire sale prices imo.....Happy Christmas