Just for the record guys, I exited my PEN positions this week. I...

Just for the record guys, I exited my PEN positions this week. I usually write when I buy, including price, and when I sell with price, hence doing it.

As I mentioned last week, my buy average was 9.5. I was hoping to play at least till 18, but some general feel I got around the U sector in last week or two, I felt like it wants to take a breather. I exited my positions at 13.

Just around two and a half months back I started moving my complete portfolio into Uranium stocks. It has been an eventful ride. I bought into PEN a bit later, just over a month back, when I made my first post. U sector has had great 2 months. For last week or 2, I have been writing that I feel that the sector moved too fast (not talking about PEN), many stocks gained over 100% in this time, some even higher. Somehow it didn't look sustainable. I have been writing that a pullback, some consolidation is required. We reached an euphoria stage in terms of sentiment as well.

So couple of reasons I got out. One I want to see how U sector goes for next few days and weeks. I am very positive about the sector in medium term, what I am not sure is the short term. Secondly, I wanted to put some coins in my other favourite sector - Lithium. It has had a terrible last 15 months or so. There are signs of bottoming, though I could be wrong, and it could continue to slide. But I thought I will never pick up the bottom, so wanted to move some funds there.

So I am sure I will be back, and who knows it could even be next week. I am not trying to bottom pick, so it does not matter at what price I buy PEN, as long as I can see an uptrend in place. In my Daily Reports this week I have been mentioning that I am exiting a number of U positions.

U sector is possibly in a best state it has been for as long as I know. Only thing which I am not sure of sometimes, is Supply squeeze. This phase is giving indication that there may be a Supply Squeeze happening soon, or already happening. But that data is still a black box - unfortunately that is how the U sector operates.

I wish everyone well and hope to be back soon. All the best.