first of all, uranium shares are speculative;
mining shares are speculative;
junior shares are speculative;
having said that,
people on the boards who claim to have lost 100's of 1000's
of dollars on u shares must be millionaires b/c
nobody who wasent would ritefully put that much money
into speculative stocks;
it would be pointless to do so anyway b/c your means would
be so great, would it really be worth the risk imho;
so, to the rest of the non-millionaires on the boards
(which is pretty much all of our now!!!lol),
it is still time to keep backing up the truck -
on ex. uranium shares in advance of a turnaround;
will there be volatility? yes;
how will you know if your strategy is working?;
uranium shares should never again cross previous lows hit
earlier this year and tested in the spring;
if your shares do once again cross these lows or continue
to make new ones in the face of more bullish fundamentals,
then you should exit the position;
in other words, if we have successfully called the bottom,
then its all upside form here;
if we have not, then shares will break down again -
and no doubt more unwinding will happen;
im betting on the former;
uranium shares have hurt us this year but the producers -
and good explorers are now at levels that could not be
replaced for anywhere near their market caps;
this imho signals a bottom;
like i have said before, uranium shares really wont get
valuable until people realize that uranium is energy
and people dont realize it yet;
when you can buy uranium at less than 1$/pound when smart
money is paying 5+ for greenfield exploration properties,
it is clear to see that the overhang from the u bubble
is done and it is time to start picking thru the trash -
for bargains;
imho, the only names with any value, other than pure
speculation, are cameco, denison dnn etc.
there is another level of shares like uranium one, mega etc.
and a few other names that will get back in play -
once a little more speculation comes back into the u market -
imo. tia.
God Bless
