Abet Chichi2

[chichi2]

Chi2= jumps in these stks caused by New ETFs

see Article below Chi2 comments in RED

Reference:
Alert= Stks on move= PCX,DNN,URG,CCJ,URRE,URZ,GMO

Dan Fitzpatrick of Streetsigns thinks these are hot, moving with more move in them. Your on our own, do your due diligence.

i, chi2, made this URL to help you start
http://finance.yahoo.com/q/cq?d=v1&s=PCX,DNN,URG,CCJ,URRE,URZ,GMO



Chi2 comment:
in my reading last night i found this article talking about the Launch of New ETFs { GLDX, URA,LIT } the stocks within them went up big time. Other related ETFs in this article are { SIL,CHIQ }=================================================================

November 4, 2010, 9:17 AM ET.
Uranium ETF Set To Launch By Murray Coleman

As we told you earlier, Global X Explorers (GLDX) is set to launch today as the first ETF to invest solely in gold exploration firms rather than actual miners.

New York-based fund manager Global X, which specializes in global sectors and single country emerging markets, has another ETF in the works.

The Global X Uranium ETF (URA) should begin trading Friday, according to Bruno del Ama, the firm’s chief executive.

It will be the first U.S.-listed ETF to solely track uranium mining companies, he added. It will charge an expense ratio of 0.69%.

“It’s part of our focus on the convergence of clean energy and commodities,” del Ama said.

Along those lines, Global X launched a Lithium ETF (LIT) in July 2010. It has attracted about $80 million in assets so far. “It’s probably our fastest growing fund in such a short time period,” del Ama said.

Lithium demand is mainly from batteries used in electric cars, solar panels and wind energy storage.

The new uranium ETF focuses on power supplies for nuclear power plants.

“This ETF is a direct play on the growth in nuclear power plants across the world while having access to the hard commoditiy,” del Ama said.

Uranium shortages are a real possibility, he added. “A lot of new demand is coming to market, but at the same time, there hasn’t been a lot of new uranium mining projects,” del Ama said.

The largest company in the fund is Cameco (CCJ). It takes up 19% of the portfolio. The second-biggest is Toronto-based Uraniun One at 12% of the fund’s total assets. Another major component is Uranium Energy (UEC).

The ETF will represent the 16th for Global X, which says it now has about $885 million in assets. The company opened its first ETF, the Colombia ETF (GXG), last year and now has more than $200 million in assets

It listed at $15 a share and closed Wednesday at $46.81. It was inactive in pre-market.

The fund shop also runs the Global X Silver Miners ETF (SIL), with about $175 million in assets, and the Global X China Consumer ETF (CHIQ). That has some $175 million in assets, according to the company.