URA 5.56% 1.7¢ uran limited

opportunity knocks, page-3

  1. 4,327 Posts.
    timmyd

    Nobody knows whats going on with the markets. NOBODY!

    Some times you make a call and you weigh up what you believe to be in your best interests.

    Ive averaged down. Today was an opportunity. Tomorrow may bring about more. I cannot concern myself with 'ideal' entry points or the perfect trade picking the exact bottom and the like. I thought selling pressure would have been much higher. That told me theres too many 'out there' that do not want to let these go 'at these levels'

    Remember only about $30,000 worth of stock was traded today. Hardly a sell down or people leaving the register in a panic.

    No doubt if the US tanks tomorrow it may shake a few more out of the trees. I can't control that.

    I can only control what I do now. The markets will do what they will do. There are already signs of an over reaction in many quality stocks.

    Good companies with good prospects will bounce back strongly from these levels.

    Those shorting will have to buy their companies and in effect enter the market.

    Those looking for places to put their cash in the uranium sector will be looking for $$ opportunities in the medium term

    Where are they?

    ERA/PDN/...........???

    PDN has been hammered today BUT its market cap is counted in billions.

    Will be interesting to see how many Directors of companies come out and support their companies with share buying on market.

    Uran imo is clearly the standout uranium spec 'now'

    And imo in a strong position to rebound in the short term upon receipt of good news on acquisition of Ukraine projects.
 
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