Yes, I still hold several of these stocks, including Larmamide, whose CEO continues to buy all the way up off the bottom - where he (and I in his wake) was also buying.
Do you remember how heavily pumped this Rare Ear... I mean Uranium bubble was? Think about the self-promoter who dubbed himself the 'original uranium bug' and think about the legions of followers who took the hook.
Well, these creeps appear to have momo'd to other areas and new stories. Meanwhile, the bottom feeders of the world - those with an attention span beyond that of a gnat - see some ruined stuff to tuck away with the logic that 'hey, with a big picture global view, maybe there is value here after all; value on sale for 30 times less than the commodity hysteria bubble blow off in 2007.
Weekly LAM.to shows a trend line breakout, constructive MACD (still below zero however) recent AROON cross to up and the next resistance level up above, assuming of course the current breakout holds.
The U's are but the first of several sectors/asset classes that will be part of the NFTRH plan as we transition toward global realignment, which may be starting sooner than expected if weekly and monthly big picture charts continue to show the signs they are showing (see Hong Kong below as an example - the price target on EWH is much higher off the Ascending Triangle).
An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"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
