uranium still crashing! get out while u can!!, page-5

Goblin - stop downramping - it's so blatant and childish. PDN and other uranium stocks are retracing, which is only to be expected after the run last week. BUT - the uranium bull run is only just starting - trust me. THe fundamental discrepancy between supply and demand means that:

1. the price of uranium itself is rising and will continue to do so. The uranium price chart is amazing in that there are NO retraces in the last couple of years!

2. PDN move from explorer to producer in 6 months. OK - the fundamentals put a certain value on the stock, BUT the sentiment and the POTENTIAL take it way ahead of the fundamentals. Their sales contracts are at the THEN market price - not hedged at current prices. No-brainer really. And don't forget that they have not only the Namibian and Malawi deposits, but they also have tenements in WA once the "no new mines" policy is reversed, as it certainly will be.

3. SMM is sitting on the second or third biggest deposit of uranium in Australi, and upward revisions of their resources will be announced soon. They could move into a BFS then mine within 1 - 2 years once Beattie gives the go-ahead - as he will.

4. Australia is set to become to uranium what Saudi Arabia has been to oil, and the Fed Govt know it. We are on the verge of becoming a REALLY wealthy country over the next few decades.

5. The uranium boom, and the change-over from oil and coal will be absolutely enormous - WAY bigger than the internet dot-com boom ever was.

So - patience is called for with these stocks. I have been quietly sitting on my PDN since 7 cents, and am still sitting on them. I have no doubt that in the next 1 -2 years they will be a $7-10 stock, and possibly paying a dividend as well. So far my patience has paid off, but all the indicators are still showing PDN, SMM, etc as still being in an uptrend, and as long as market sentiment takes it upwards over the longer term, then I stay on board. One has to sit patiently through all the retracements unless the uptrend is broken, which it currently isn't.

So - in summary - your downramping is baseless, it is merely stating the obvious about a short-term retracement which is inevitable, and people would do well to ignore your calls to bale out unless their individual trading systems give "sell" signals.

Happy trading :)