AI
| Followers | 147 |
| Posts | 4488 |
| Boards Moderated | 0 |
| Alias Born | 03/30/2011 |
Saturday, December 31, 2011 11:36:47 AM
Just taking Saturday to get my next week in order.
Looks like SXRZF (Uranium One) is setting up nicely for a pure chart play. Still needs one more corrective wave, but if it breaks the downtrend, I will be buying and looking for 30% (maybe more - depending how things run early in the year) in 5-10 trading days. If it hits over 2.60, it may be a breakout and change in the yearly pattern.
UUU (on the TSX) is actually 51% owned by a Russian company ARMZ - together they produce 13% of all uranium in the world.
Latest Quarterly shows:
1. $2.9B in Assets vs. $952M in Liabilities
2. $157M in Revenues for Quarter ending 9/30/11
3. $46M in Net Earnings for Quarter
So, it is trading almost even with the company assets, a 1:1 book value to pps.
However, 957M O/S is a lot of shares to move very quickly.
In addition on 12/12 they closed $831M financing.
All The Best and Happy Trading in 2012
Looks like SXRZF (Uranium One) is setting up nicely for a pure chart play. Still needs one more corrective wave, but if it breaks the downtrend, I will be buying and looking for 30% (maybe more - depending how things run early in the year) in 5-10 trading days. If it hits over 2.60, it may be a breakout and change in the yearly pattern.
UUU (on the TSX) is actually 51% owned by a Russian company ARMZ - together they produce 13% of all uranium in the world.
Latest Quarterly shows:
1. $2.9B in Assets vs. $952M in Liabilities
2. $157M in Revenues for Quarter ending 9/30/11
3. $46M in Net Earnings for Quarter
So, it is trading almost even with the company assets, a 1:1 book value to pps.
However, 957M O/S is a lot of shares to move very quickly.
In addition on 12/12 they closed $831M financing.
All The Best and Happy Trading in 2012
Ride $The Wave of Integrity:
http://investorshub.advfn.com/boards/board.aspx?board_id=16203
Like my posts? http://twitter.com/#!/Bucks4Buckeyes
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
