imo the stock to watch tonight is cameco. from watching the...

imo the stock to watch tonight is cameco.

from watching the uranium stocks in australia and north america over the last few years the asx uranium juniors tend to react to the north american uranium plays and cameco has always been the stock that appears have had the strongest association with any of the news regarding nuclear energy.

considering that bloomberg is now reporting today's japan reactor news it could get a little interesting.

http://www.bloomberg.com/news/artic...dges-closer-to-nuclear-restart-with-refueling

also worth noting that it is fairly well known that cameco as long as 2 years ago was in japan talking to utilities about future supplies so this is just another reason why i think there is a good chance that cameco may move tonight.

also looking at the cameco chart it looks like it could easily run as it is trading close to it's 2008 low and well below the fukushima low.

the only issue with cameco maybe is that they still have or had some issue with paying a tax bill. not up on the latest for this but cameco has always been confident of some kind of victory on this tax front. don't think it's a super major drawback anyway.

fire up cameco. time to fly. lol