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« Kevin Bambrough: Fiat Currencies Are Worthless | Main | Michael Blum: Headwinds or Clear Sailing for MLPs? »
Tuesday
Feb082011

Laramide Resources Limited Up 7.06% Today

LAM Chart 08 Feb 2011.JPG

Despite it being a mixed day for those in the uranium space some uranium stocks put on reasonable gains and in some cases they have doubled or tripled over the last six months. Laramide Resources Limited (LAM) is one such stock as it has risen from $0.71 to close at $2.73 today.

The above chart shows Laramide Resources Limited up from a $1.00 in August to $2.73 today and it now appears to be trying to move higher. The technical indicators are on the high side with the RSI almost touching '70' so a breather could be on the cards.

The chart below depicts the spot price for uranium, now up to $73.00/lb and appears to be trending north and lets hope that it continues in that direction as many investors are under water with stocks acquired at much higher prices during the uranium rush when uranium ran up to $140.00/lb ish!

Uranium chart 08 Feb 2011.JPG


Other uranium stocks moving higher today were Crosshair (CXX) Up 10.81% Denison (DNN) Up 4.03% and Hathor (HAT) UP 3.80%

......................................

Over in the options trading pit we have just closed 3 more winning trades, so we now have 62 winners out of 64 trades, or a 96.87% success rate.


If you have any questions regarding these trades please address them through their site where they will be handled quickly and I hope efficiently.


sk chart Jan 2011.JPG


The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.


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Reader Comments (1)

Sell, sell, sell, this stock's going into the toilet! How can I be so sure? Cause I OWN it, that's why.............

February 9, 2011 | Unregistered CommenterJOEbRONX

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