posted
Looks like radioactive is the key next week. Help spread the word, if you want to make some monies.....
USEG and CBAG are low cost now, but may not be for long.
CNBC aired a segment on nuclear power stocks today. Guest mentioned RTP, CCJ, and WMC as plays... watch also USU +3.0% and USEG +12.4% for possible reactions.
Analyst interviewed for segment comments that lot of U.S. mines have been shut down. CNBC host says mention by Pres Bush over last many months of restarting nuclear program has pushed price of Uranium up pretty dramatically, doubling the price since 2003... asked if stocks ahead of price of Uranium, analyst says still thinks still alot of room... likes Cameco (CCJ) in particular as a play; also Rio Tinto (RTP)... guest says current spot around $21-22/lb, expectation could go to $30... demand will grow, noting that 35 nuclear reactors under contruction in other countries, and if U.S. revives its program, will certainly see more demand growth. -briefing.com report
Posts: 443 | From: Honolulu, HI | Registered: Jan 2004
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If you like high risk pink sheets, you will love those. TRDM is American and an exploration stage company. Their financials are rather poor, but that will not stop stringless yo-yo bandwagon investors from jumping on it.
Monday, still haven't decided if I will play the Radioactive Bandwagon; there is much to research on such a high risk play.
posted
fronteer (FTDGF.OB), had it on my radar awhile and even a limit buy out at 1.40 - they've got a whole lot of uranium. of course, they also have a whole lot of zeros on their profit sheets, heh. that's why i was "being cheap" with my buy price. of course, it remained two cents above my buy price and promptly shot to $3, *sigh*, the way it always goes for me.
probably i will pass on the uranium "buzz", i'm just not good at risky hype plays like this. but am mildly tempted, at least enough to look into your suggestions a bit, PG
Posts: 1698 | Registered: Mar 2004
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posted
Here is some expanded information for those wanted to jump on the "Radioactive Bandwagon" coming. I've included my database gibberish notes, of which, I hope you can make sense.
Personally, if not for a bandwagon, I would not touch any of these stocks. Those stocks listed which are over two dollars per share, are severely overvalued by two dollars per share! Subtract two dollars and you will have the real share value. Same if over one dollar, subtract one dollar for the true value. CBAG has already sky rocketed on news which won't come to fruit for almost two years.
Be very careful on CBAG lest you end up holding the CBAG bag.
I have not yet selected any stocks for potential because I am not impressed with any of these stocks but know there will be a Radioactive Bandwagon in spite of all having poor financials.
Your comments on which stocks, listed here or not, you believe will be on the Radioactive Bandwagon, will be appreciated by all readers.
uranium - RED INK - high losses - no revenue - USEG spin-off - overvalued Shootaring Canyon uranium mill - cost $25 million / 18 months to start operations up .45 on March 18 news 2004 .40 - .50 flatlining low volume 2005 March spike to 2.50 low volume
uranium - gold - RED INK - increasing losses - no revenue NWT property - high grade Uranium 1.68% over 1.0 metre drill program in 2005 2005 1.40 / 1.50 - March peak to 2.90 fall to 2.30 light volume
uranium - low cash - no revenue - RED INK - losses - buying mineral rights - no exploration 2004 .30 - .20 - .40 - .30 good volume 2005 .25 - .35 good volume falling in March
posted
based on my *very* limited research into these uranium plays awhile ago, the reason fronteer stuck out to me is that their labrador interest had such a large amount of uranium. 300M+ lbs *in theory* *in the ground*, which is a pretty large amount.
of course, you can come up with all kinds of bogus numbers about "the vaue of this company should be yada yada yada" and it pretty much amounts to diddly. the key is being able to get it out of the ground, and it's certainly a low-% play that fronteer will ever be able to do it. with companies like fronteer, i almost feel like it's not really even worth it to bother to read the Q's and K's, it's all about hype and not about reality anyway.
one slightly annoying thing about fronteer, that caused me not to try to chase it, is that at least through scottrade i could not buy FTDGF.OB online, i called and would have had to buy the canadian FRG.TO over the phone. scottrade is somewhat uneven about which canadians they allow you to buy the US OTC equivalent, and which they make you buy the canadian. probably a reason behind it, but - am not sure why.
"resource plays" are of some interest to me. have dabbled in a bit, with some success at swingtrading, though i would never hold long. CWPC and APXR bought on dips and then sold on peaks, happy to be out but if they dip too much i might try to swing again.
APXR i like because their PR's are so downright kneeslappingly funny with their momentous gravity. here is one classic quote from one of theirs:
"The opportunity Apex is providing to the investment community is one that, we contend, will not be seen again in our lifetime."
reminds me a bit of WLSF's PR's that hilariously used the words "holy grail" in it.
these companies i would never hold long, but people usually buy into the hype and sometimes you can swing trade them profitably. also, i admit i like the humor value - there's always another comical PR around the corner.
the only true resource play that i am holding long is NTO - bought it all in roths at 2.65 and their agua rica holdings are so impressive to me that i think somehow, sooner or later, they will find value there. i am just going to hold it long, although i have little doubt that it will have some dips back to my buy price and that i might be better trying to swing it.
another interesting larger question that this whole uranium thing brings up, is: developing a philosophy towards stocks that you believe to be junk, but that you also believe may have short-term peaks to sell on. generally i avoid these, although i admit i dipped into APXR and CWPC based purely on technicals looking for a swing trade. some have had success like SCOS/SCSY this past week, i don't like the stock but figured it had at least one mini-run in it, and it did. some have had less success: bought some GFCI at .46 and wasn't able to dump it on friday afternoon's run, so am now stuck holding it and will have to try again to dump on some other PR, oh well.
these short-term plays i kind of look at as just "for fun", and would never put a lot of $ into, often only $500 or so where my only goal is to make $100 off it and dump, the proceeds of which to put into a more worthy stock.
Posts: 1698 | Registered: Mar 2004
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posted
at the risk of perturbing, er, the perterbable one for getting this thread off the uranium topic: EHRE is another interesting "resource play", surprised i haven't seen it mentioned more on allstocks.
EHRE is another one i don't particularly care for - seems a good likelihood they're just a shell, and paid off somebody to get the nigerian block. no idea what will happen long-term with them, but i have to admit - seems likely to me that they will move up at least into the .80's, if only briefly, just based on pure speculation. am not in this now, but definitely on my watchlist as a potential swing trade on a resource play.
uh, sorry again to get this thread somwhat off topic, but - at least tangentially connected is the consideration of "bandwagon-jumping" onto resource plays.
Posts: 1698 | Registered: Mar 2004
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basic premise seems to be: easy $ has already been made, but still some opportunities for speculators to run stuff up.
have to admit - i'm skipping the uranium thing. if i had more time i would look into it more and maybe pick a few companies. now that spring's here though, am kept busy with house jobs in addition to all the other stuff (back still killing me from tons of digging to put in a new patio, so less research-energy than usual these days, heh)
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