BMN 4.90% $3.30 bannerman energy ltd

An important week coming for the stock. And maybe for the sector...

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  1. 4,827 Posts.
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    An important week coming for the stock. And maybe for the sector - all U stocks.
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    U sector is doing great. U stocks very well. BMN among the best. If you read thru my posts for last couple of months, I had been writing is that BMN is a hot and cold stock. When it rises it rises. When it falls, it falls big. It fell from 487 to 190. And then has risen to 348. If U sector behaves 400, but 380 first for 100% gain, may be in reach.
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    Personally I let go my BMN. It made a gain of around 80%, I didn't get all as I didn't pick bottom and high, but made close to 60%. I thought I will take that off the table and then assess. The way CCJ is going, looks like we may continue the up trend for some time more. I want to buy back, but I am not sure about the price. I am watching if CCJ continues on its rise or does a back test of 45. That will be key point for my decision.
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    This is what I have written about U sector in my Weekly Report this week. Anyone more interested in other sectors, general markets, etc, look at my other posts around the weekly report, as I write that on one thread only.
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    • Uranium Sector overview - I have been writing for last few months months, May end top, July end bottom, September end top. I had written we may do highs in September end/October start. CCJ reached 52 yesterday, a gain of over 50% in a month (it was 35 on September 6). So that has played out exactly as I thought. I am no Nostradamus. I have been writing about Uranium stocks for over 3 years. I do the numbers, weekly/yearly etc. This is the 4th year in a row that September has seen the highs in the Uranium sector. May not be scientific, but its a pattern. I follow patterns. They don't always work. But sometimes they do. The did this time. And I may have been lucky once again with my call. So will CCJ do a new high above 56.24 or do a back test of 45 - which one will happen first? I don't know. U sector is very bullish, Spot price stable. Sentiment good. So the rise can still happen. Only problem with a continuous rise is that if consolidation doesn't happen, when it comes back, it drops big. Its been rising for a month, most stocks have gained average 50% (some more, some less). I have taken some off the table. For 2 reasons. First i feel a consolidation/back test may happen, not sure but odds are even. Secondly Li sector started coming back. U sector had risen. So I thought, if Li sector does well, it may do better. There are lots of ifs, no guarantee. I will buy back U stocks I sold, I am not sure about the timing.


 
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