re: bounce baby bounce.
Bubble? I dont think so, unless of course the world discovers a sh!tload more oil. U is an alternative energy source and (by todays standards) is cleaner and safer. Not to mention china and india who never made a dent in world demand in the last U boom. It is all driven by demand, which is why the property market is in a consistant uptrend and I dont see that changing unless we have global monetary issues. The tech wreck was driven by greed and sucked in mums & dads, and a gross estimation on growth of www coys. I think we can all agree that there is no U 'bubble'. Of course there will come a time where the price of U will decline but I think that is years if not decades away. Untill then Im long and very bullish on U. JMHO.
That double bottom is looking better now. ;)
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
