????DUE for a major correction? What's this we're actually having right now? Seems like a major correction to me.
Also seems a tad overdone to me, and I wouldn't be surprised to see the bargain hunters start moving in towards the end of this week, or early next week.
Watch for the uranium stocks in particular to rebound rather quickly. That is - the good ones, not the little speccie wannabes.
Nothing has changed - the supply/demand imbalance is still there and getting worse, the uranium price is still going up, the number of nuclear power plants the world has planned is increasing almost by the week.... it will be good ;)
Yes - a correction was needed, and those with some attack capital will be having a field day any time soon, but the bounce will come sooner rather than later. The doom-and-gloomers will fade into the background as optimism returns, and we'll end the year with an All Ords of somewhere between 6200 and 6500. How's that for sticking one's neck out? ;)
ASX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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