uranium fail - coal win???

MHC down 16.5c - 15.71%
PDN down 78.0c - 16.49%
ERA down $1.09 - 11.6%

CXY - up 0.001C - 6.67% (Haha massive)

Anyway, I held PDN and MHC for sometime, got out at the right time. I'm writing in response to stephensorich post re: angst.

Stephen no disrespect intended, however Japan has just clearly proven that right now anyone involved in Uranium probably feels like going home and committing hurry kurry.

My point is, is that although the SP is a good indicator for the future of a company (by far not always the best, Market Cap etc.), the companies themselves are heavily reliant on third party factors. Like a 30ft high tsunami for example.

I certainly have not been finding a reason to defend management, more a reason to defend reason. Call me what you like, but I don't see myself as a day dreamer this time round, more like a punter taking a shot at long odds, however knowing my horse and jockey COULD pull it off, and if they did, well then it's my shout all night...

Lets look at the possible scenarios here. I doubt MHC and PDN are going to rebound strongly for some time, they will and we know this, but this could take a very, very long time depending on the severity of the meltdown / potential meltdown in Japan. Meltdown and Nuclear Power don't go hand in hand, regardless of how moderate rad levels are.

In summary, this is no different to KCCG, Mrs Pratt (I say that in reference to the appendage on her head Pratt, not her last name) and DERM having a third party influence on the SP of a company, much as a 10m high wave thousands of kilometers away has now done to our Uranium brothers.

Doubt this will do any good for the long run of the Cat really, however it's good to put things into perspective. Lets see how the 18th of March goes in response to the 7th supplement. Sounds like DERM could be giving CXY an inch at a time to cover a kilometre.

Again, good luck all.