Started URRE

[Goods]

Nice support in this area. Started @ 2.18. Will add with momo

[Goods]

Added more @ 2.05

average price of 2.11 now

[legion3pm]

GOODS what are you looking for here a bounce off support which looks to be right around the $2 mark? if so where is your stop set at like 1.80? just curious

[Goods]

Hey Legion -
Like to see it bounce off $2. I'm setting my stop just under the 3 year low of 1.80 from Sep '06.
There was a story about a drop in demand for uranium that sank this (along with a crappy market) but I still think this company is undervalued.

It's making a base around this area and the overall selling strength is falling off, setting up for a nice rebound imo. Don't know if it'll happen of course. Check that Barron's story the other day that lit it up. Some very good points there.

Like STEM, this isn't likely to pop right away but it's got a good history of support at the $2 level.

LEH is very likely going to crash and burn and that's going to spank the market again. (Can't believe I let myself get spooked on that short @ 16... ugh) This bear market's in full force and undervalued plays like URRE can work out nicely in the long run if you can wait it out.

[sachsich]

nice one goods! good bump today above your average. when you say a nice support level at $2, what exactly are you looking for/at?

[legion3pm]

sachsich - if you look at the 5 yr. chart you can as the stock drop and gets around the $2 mark is bounces off of it and starts to come back up. on the 6 mo. chart you can see how the stock has kind of been bouncing off $2 since june 19th. GOODS can prolly explain it better than me though.

[Goods]

Nope, you got it Legion. Exactly what I'm looking at.

URRE's been smacked down from the Nov '07 along with most commodities. There's a point where it's just plain oversold. That's where it looks to make a base. Bears have taken blood and the bulls just won't let it get lower because the fundamentals say the company's worth at least that point. This is a good point to buy and hold on for something to light it.

In URRE's case, there's India and China's willingness to build power plants, the ongoing buyout rumors by CCJ and John McCain wanting to build a ton of new plants. He gets elected, URRE goes ballistic.

While there's never a guarantee, URRE's got big potential upside and a downside of only $2 worst case scenerio.

btw, I mistakenly said Barron's when I meant Bloomberg. Here's the link:
http://www.bloomberg.com/apps/news?p...d=ajeLeepF17Nc

[Goods]

Nice push on URRE today with higher uranium prices.

The banks have been killing the market lately and URRE's held the $2 support. If LEH, AIG, MER can get straightened out and we can get a happy market for a bit, URRE could break this downtrend. Time will tell.

[Goods]

interesting reads:

http://www.financialpost.com/story.html?id=787391

http://www.theaustralian.news.com.au...013871,00.html

[Goods]

Added URRE @ 2.03 today. Averaged price now 2.076

[Goods]

The spike this morning stopped me out @ 1.76. (-0.32) on entire position.
That one hurt because it has so much upside and I caught the low to get hit. But breaking the last support @ 1.80 was it for me. This market's dragging everything down with it.

[ZoomVT]

same happened to me.

sot that i would want to chase it but it seems like there is only upside here. even if it were to bottom completely, you are only risking 1.75 with an upside 5 times that. what do you think?

[sachsich]

i got in yesterday at 2.04. i think i might ride it out. maybe the panic is over and people will be looking for cheap stocks

[Goods]

Zoom, you're right about the potential upside vs 1.75. Worth a play no question. I'll wait to see where it closes before considering rebuying. That $2 mark held through a lot of volatility and even through yesterday's 500 point drop, which is why I added. I know emotion will kill ya, but I'm just pissed about this one.
But now, that $2 mark is resistance imo. Mentally anyway. And until it can show a solid break to the upside, I'm waiting on the sideline. The last two years have shown a nice rally at the end of September into Oct. Doesn't mean that'll happen here though. The market is very weak and the election is right around the corner. Time will tell.

[Goods]

ugh...