uranium sleeping beauties, page-20

Reichman,

Finally got around to reading this.

I find this paragraph....well....intriguing.

"The short position in nuclear miners has increased even as money is being directed toward construction of new nuclear power plants globally. The shorts use the stories of cheap natural gas to depress the uranium sector. This means uranium miners may even have additional upside because of the large short position that may soon have to run for cover in the event of a turnaround. We have seen short covering rallies before in the uranium miners. In the summer of 2010, after QE2 was announced, the sector experienced major gains. The same was true in 2007/2008 before the credit crisis. We saw a huge exponential move. These moves came out of nowhere and were very powerful, with miners moving up 10–20% a day."

No way of knowing how big or how wide spread & across what companies he may be referring to. But are we all dragged into this?

The above has got me thinking.

Bring on the short covering rally I say.

M