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Uranium could be a monster in 2014, page-2

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8horse

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23/07/14

08:17

Post #: 13699711
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Originally posted by accaeric ↑

Uranium could be a monster in 2014
Jan. 17, 2014, 3:26 p.m. EST
By J.C. Parets
There are a lot of investors out there that still have a sour taste in their mouth when it comes to uranium stocks. The last time these guys were getting any attention was back in the second half of 2010 when they all had huge rallies. This continued into early 2011, but ended badly with the Tsunami in Japan that caused a nuclear meltdown at a Fukushima power plant. However, investors’ fears after the accident may be waning.

A disaster like Fukushima often becomes the old, "kid touching the hot stove" sort of mentality. And sure enough, we haven't heard much out the uranium space ever since. I personally think this is bullish for these stocks. The less that the media and mainstream investors are involved, the more I like them. When you see uranium stocks making the headlines and everyone's talking about them, that's when we'll probably be selling.

Let's start with the granddaddy of them all: Cameco. This is what we call the ExxonMobil of uranium stocks. Not that it is anywhere near the size of America's largest company, but relatively speaking, Cameco is so much bigger than the others, that in the uranium world, it is the benchmark.

What stands out to me is the huge two-year base that this stock has put in since 2011. After such a devastating collapse, such as the one that took place here, typically the only thing that can repair it is time. I could not have drawn this one up any nicer. As you can see in this chart, the upper end of the range is about $23. So a breakout above this key resistance could signal the beginning of a new leg higher.

The reason I see huge potential from this space is a combination of the huge base and that Tsumani gap between 33 and 37. For an initial target, these are serious returns. But there are other much smaller stocks that could benefit from a rally in the uranium space.

http://www.marketwatch.com/story/uranium-could-be-a-monster-in-2014-2014-01-17

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Market always overreacts. The worst follows the best.
PDN is the one of the worst performance ASX200 in 2013.
It could be one of the best performance ASX200 in 2014 as the Uranium sector starts to recover from its decade's low.

Uranium is the only sector has been down for over 7 years, or since last boom in 2007, uranium spot price shot to $135/lb. it should recover. Every dog has its own day.

PDN Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $10.16		Change -0.040(0.39%)		Mkt cap ! $3.038B

Open	High	Low	Value	Volume
$10.00	$10.24	$9.96	$17.95M	1.771M

Buyers (Bids)

No.	Vol.	Price($)
1	5383	$10.16

Sellers (Offers)

Price($)	Vol.	No.
$10.19	1000	1

View Market Depth

No.	Vol.	Price($)
1	1000	10.150
2	1480	10.140
2	1873	10.130
1	1000	10.120
1	99	10.100

Price($)	Vol.	No.
10.190	1000	1
10.250	3619	3
10.300	1200	1
10.330	300	1
10.400	1452	3

Last trade - 16.10pm 01/11/2024 (20 minute delay)

PDN (ASX) Chart

Uranium could be a monster in 2014, page-2

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Uranium could be a monster in 2014, page-2

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