Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Uranium-stocks: portfolio Update 14 March 2007 | Main | URANIUM: Up $5 or $6/lb? »

URANIUM STOCKS: Buy the Rumour and Sell the News

That old adage certainly applied today as uranium stocks were ‘sold on the news’ of the flood at the Ranger Mine in Australia, which pushed uranium prices even higher.

The fact that uranium rose to $90 per pound would appear to have been a sell trigger for this scare commodity along with a 200 plus point drop in the DOW.

What do all the people who sold do now, we wonder? This is not the end of this Bull Market by a long way so sooner or later they will be back. The question for them is when to jump back in. Most will have sold without a re-entry strategy firmly in place so they will probably leave it too late and come back in at higher prices than they have just sold for.

We were not profit takers today as we decided beforehand to stay with what we have as we are convinced that uranium will continue to climb and our uranium stocks will be dragged up with it.

Sleep tight.

13 March 2007

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (1)

I have 30 uranium titels, between 10'000 and 30'000 pieces of each, in my protfolio, but not sold one singel piece nither. The sellers will come back soon!

Karl Bula

May 29, 2007 | Unregistered CommenterBula Karl

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>