Posted by McFly1985 on 29th of Dec 2018 at 10:55 am
Uranium Stocks: I know that we're not as much into fundamentals
here (nor am I), but I just bought my first uranium stocks (for buy
and hold, that is) in 10 years. Some of you may remember the big
uranium boom around 2006 and 2007. The number of uranium stocks
went from something like 5 to 700, but the 2007-to-present bear
market has reduced them from about 700 stocks to about 25 or 30
(and appropriately so, because most of them were crap). In any
case, I plan on acquiring good uranium stocks throughout 2019 since
I believe there will be a big uranium production shortfall in 3-5
years, and companies that are either producing uranium or looking
for deposits could do extremely well. So, if you're looking for a
fundamental opportunity that's still early and may turn into
something big in a few years, then you might want to do a bit of
research on the uranium market. FYI the 3 companies I bought were
DNN, UEC, and URG. A few companies that I'm looking to buy at
lower prices are CCJ (the big producer), UUUU, and FCU.TO. Since
we're probably in a bear market, I have no problem believing that
we'll have good uranium stock buying opportunities in 2019.
(Disclosure: Another reason I'm looking to acquire uranium stocks
is to get fuel for my Delorean, so I can go back in time and get
Biff's almanac!)
There have been so many false starts on the predicted renewal of
the "uranium bull" that it clearly going to take lots of patience
and a long-term view. Over the past year I've taken a series of
modest losses on DNN, URG, UEC, FCUUF and a few others, so
I've retreated to the uranium sidelines for the time being. Silver
and gold (especially silver) stocks, focusing on the small
explorers, look more interesting to me for potentially significant
gains over the next year or so. All that said, no doubt my
skeptical response to your post marks the start of the uranium
bull, lol! Good luck!
Posted by McFly1985 on 29th of Dec 2018 at 08:37 pm
@ JimSim - You may be right, although given my luck I doubt the
uranium bull would start immediately. In fact, I probably pushed
its start out at least a year or two by my involvement! :p But I
plan on being patient and accumulating slowly on the (no doubt
many) dips that happen in the next year or two. I've been
accumulating precious metals since 2014, so I think I have the
patience for it. We'll see what happens.
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Uranium Stocks: I know that
Posted by McFly1985 on 29th of Dec 2018 at 10:55 am
Uranium Stocks: I know that we're not as much into fundamentals here (nor am I), but I just bought my first uranium stocks (for buy and hold, that is) in 10 years. Some of you may remember the big uranium boom around 2006 and 2007. The number of uranium stocks went from something like 5 to 700, but the 2007-to-present bear market has reduced them from about 700 stocks to about 25 or 30 (and appropriately so, because most of them were crap). In any case, I plan on acquiring good uranium stocks throughout 2019 since I believe there will be a big uranium production shortfall in 3-5 years, and companies that are either producing uranium or looking for deposits could do extremely well. So, if you're looking for a fundamental opportunity that's still early and may turn into something big in a few years, then you might want to do a bit of research on the uranium market. FYI the 3 companies I bought were DNN, UEC, and URG. A few companies that I'm looking to buy at lower prices are CCJ (the big producer), UUUU, and FCU.TO. Since we're probably in a bear market, I have no problem believing that we'll have good uranium stock buying opportunities in 2019. (Disclosure: Another reason I'm looking to acquire uranium stocks is to get fuel for my Delorean, so I can go back in time and get Biff's almanac!)
There have been so many
Posted by jimsim on 29th of Dec 2018 at 01:25 pm
There have been so many false starts on the predicted renewal of the "uranium bull" that it clearly going to take lots of patience and a long-term view. Over the past year I've taken a series of modest losses on DNN, URG, UEC, FCUUF and a few others, so I've retreated to the uranium sidelines for the time being. Silver and gold (especially silver) stocks, focusing on the small explorers, look more interesting to me for potentially significant gains over the next year or so. All that said, no doubt my skeptical response to your post marks the start of the uranium bull, lol! Good luck!
@ JimSim - You may
Posted by McFly1985 on 29th of Dec 2018 at 08:37 pm
@ JimSim - You may be right, although given my luck I doubt the uranium bull would start immediately. In fact, I probably pushed its start out at least a year or two by my involvement! :p But I plan on being patient and accumulating slowly on the (no doubt many) dips that happen in the next year or two. I've been accumulating precious metals since 2014, so I think I have the patience for it. We'll see what happens.