February 1, 2008 2:15am CST
OK. Last time I talked about uranium stocks I posted it under Nuclear - Uranium. No response. Zero. Nada! So---let me tell you that since that Post(11 months ago according to myLots chronographer), Uranium ended a nearly vertical ascent from $7.10 in 2000 to $130 a few months ago. It has "corrected" and is now at about $90 the last time I looked. Actually I do not invest in the metal itself. I buy the mining stocks---especially the explorers and the juniors. Very risky...so I rely heavily upon the recommendations of my advisors. A small investment in a company which I bought for 27 cents per share in about 1998 has made my retirement secure. Good thing too, because nothing else I'd tried had worked. But Lady Luck(and the Good Lord) came through in the nick of time! A hint: if you want to check me on this, the company has changed names and has sold as high as about $16 per share. However, at the time I invested(1998 as I recall, perhaps 1999) it was known as International Uranium Corp.(symbol until the name change: IUC. Since the name change: DNN I am not telling you this so much to excite your quest for filthy old money as to attract attention to Uranium and Nuclear Power. America is lagging the entire world of first tier countries in revitalizing our nuclear power industry, and NUCLEAR is the ONLY proven technology which can provide the world with energy in the quantities which are going to be required in the very near future. Now just to be fair and balanced, let me note that these uranium stocks have sort of tanked since about last May. Their first correction since about 2000. So students of the market know they are entitled to a correction. But I'm betting with my money and my mouth that they will come roaring back. When is always the $64 question, but I'm betting on a nice rally within the next 5 months and perhaps another one after Labor Day. I have TONS more information on this and related topics which I should like to share in my feeble effort to interest and inform Americans of our urgent need to take a new look at Nuclear Power. (Save us from global warning and asthma, etc. from burning polluting coal which produces carbon dioxide and sulphur---called sulphuric acid when its vapors combine with rain; and from burning ever more precious oil and natural gas; and from driving up food costs by making ethanol from food (corn) in a ploy which really produces a negative on the "energy in/energy out" meter, etc., etc.) Please tell me some "discussion" headings under which I can put this information and actually attract some readership.
1 person likes this
• United States
1 Feb 08
Thanks for your comment. Again my immediate aim is not so much to share investment information, as to attract attention to the urgent need for Americans to realize that we must turn to nuclear for our energy, and to devote our time to educating our politicians, and demanding that they move in this direction as opposed, for example, to wasting BILLIONS (most of which enrich BIG agri-business corporations. Not to mince words, ethanol is a scam. And a serious by-product of the ethanol from corn scam is that it drives up the cost of not only our food, but the price of food in much poorer locales, e.g., Mexico City, where they need the corn to make tacos). I will provide more on this subject once I learn where to best spend my very slow keyboarding skills to best get the word out.
• United States
9 Feb 08
i think that investing in uranium stocks right now is early. if i wanted to investing in uranium stocks, i would wait 5-10 years from now because that is when the u.s. start to think that we need nuclear power plants in this country to supply the demand for energy. for now the u.s. is using coal and oil and other alternative fuels.