Cameco Corporation Bought PUTs Today
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Topic: Uranium Mining Stocks — May 12th, 2009
Chart courtesy of StockCharts.com
Just a quick note to let you know that we purchased the June 09 $25.00 PUTs for $1.40 per contract (CCJRE) on Cameco Corporation (CCJ) today.
June 2009 is the expiry date for this trade so we will need to move quickly as options this close to the expiry date deteriorate fast. Our assessment is that Cameco has ran ahead of itself as the above chart shows and a pull back is now imminent. The strike price is $25.00 so we are hoping to see a pull back to around the $20.00 level. However if the opportunity presents itself we may just take a quick profit and duck out early. If Cameco continues to improve than we will sell these contracts at a loss and go back to the sidelines.
Options are extremely volatile so please limit the amount of cash that you place into this sort of trade as you could lose it all if it goes wrong.
Sleep tight.
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Cameco Corporation PUTS Gain 45% in One Day
Cameco Corporation Options Update 15 May 09
Cameco Corporation Options Trade Update
Cameco PUTS wait for it
Cameco Corporation Options Trade Update 22 June 2009
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I bought the same puts yesterday as well. Started wacthing it based upon your recommendation a couple days ago. Just a suggestion though…you guys need to let your members know when you are buying, not the day after.
Kim
Comment by Kim McKendree — May 13, 2009 @ 12:46 pm
Kim,
The system is set up to fire out an email when we have posted an article, but this only happens once every 24 hours. To get it quicker you could try the RSS feed.
Comment by Uranium Stocks — May 13, 2009 @ 8:36 pm
Not sure how to improve your system, but being late in informing us cost some of us big bucks. I guess I’m spoiled in that I like “real time”. After all this is the internet. A 12 hour plus delay is not the best for informing your readers. Doesn’t excite me.
Comment by Kim McKendree — May 13, 2009 @ 10:29 pm
Kim,
We appreciate your comments and suggest that the solution is either to use rss or drop into the site more often, which not everyone has the time for, so we would ask that you give rss a try and see if that helps.
We don’t know of an instantaneous way of getting these emails out but we will look into it.
The rss link is here if you would like to give it a go.
http://www.whatisrss.com/
Comment by Uranium Stocks — May 13, 2009 @ 11:06 pm
Thanks guys….I believe in continous improvement and honestly your site is very good. I realize all is not perfect, but honestly, I would follow your lead on uranium investments especially if I can react as you guys do (same time). Know what I mean?
Comment by Kim McKendree — May 14, 2009 @ 12:22 am
Kim,
We did trail this move as much as we thought our readers could tolerate so it should not have come as a surprise when we did move and knowing that we were very close to hitting the buy button should have alerted you into checking in a tad more often.
Other than regular checks or rss we have no other solutions at the moment.
Comment by Uranium Stocks — May 14, 2009 @ 1:37 am
Fair enough guys. Keep pumping out your suggestions. I understand. I like options, so I am open to any trades you can suggest. Btw your response is A plus.
Thanks,
Kim
Comment by Kim McKendree — May 14, 2009 @ 1:58 am
Thank you Kim, we have never had an A+ before!
Comment by Uranium Stocks — May 14, 2009 @ 3:44 am
You got one now and it is well deserved.
Thanks for helping me understand your system.
Kim
Comment by Kim McKendree — May 14, 2009 @ 12:19 pm