"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, July 22, 2010

Uranium - FIS.v

You may recall this one was highlighted as a classic bottom feed buy (and sell too soon) situation. I did what I am comfortable doing; buy bottoms when people hate these things. I have really got to go brush up on the company because technically, this thing is a beast. If the company looks good, I'd like to consider getting some on an appropriate buying opportunity.

That said, I am not going whole hog or anything remotely close to it on the U's. Just keeping a small amount just in case the post bubble crash in U3o8 has bottomed.