While uranium spot price continues to fall, there are two things that uranium bulls can do.
Firstly, they can seek comforts from "the price of long-term contract uranium has held like a rock at $95 for one year..." (quoted from James Dines IWB). But you cannot explain why PDN can only get $66/lb in last two qtrs.
Secondly, they are looking for undervalued uranium stocks, just like kids in a candy shop. Frankly the are all undervalued if compare to their own all time high.
I have to agree with one of the post on HC: There is no stock is undervalued in bear market, just like there is no overvalued stock in bull market.
If you don't believe it, check out your recently purchased on any of the "undervalued" uranium stocks, what are they at now?
While uranium spot price continues to fall, there are two things...
Add URANIUM (NYMEX) to my watchlist
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Last
$24.70 |
Change
0.250(1.02%) |
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| Open | High | Low |
| $24.70 | $0.00 | $0.00 |