I’m bouncing out of nuclear explosions here, as CCJ is up another 10% today. UEC is trailing, up about only 2%. AWK and physical silver are also doing well, up more than 2% themselves. Why, everything else I own is green too, as I crush the markets with impunity.
On top of that, I’m in a good mood, as I had a great weekend, which included shooting craps at MGM casino and a bottle of Glenlivet Scotch.
And on the issue of MGM; I sold out of my position because of fear that Japan would cause the treasury market to melt down. I already miss it…
You can expect me to re-buy my shares, probably after the proceeds from my stint in uranium miners comes to a glorious close.
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I need an advise here, I am in UUU.to and want to add more. And I want to take a good position in RSC.TO What do you think , should I wait a pullback or profit taking thing in the next days or just buy at these levels ?
I find that we could be du for a pullback on DOW and TSX
Sadly Seb, I am not that skilled at timing the market. Generally speaking, I still have a cautious 10% cash position, and am watching the developments with the treasury market closely.
A lot of what you should do depends on what your personal position looks like. Do you have margin? How much cash do you have? What are your other positions? How regularly do you trade?
Without knowing these things, I am more likely to do you harm giving you advice than help you out.
However, my timing for nuclear energy, personally, is only a few months. If panic is still affecting uranium miners, it should fade by then, and the prices should rebound closer to where they were a few weeks ago, after accounting for other developments.
I am 40% cash right now, I have a position (in nuclear) only in UUU.to. Couldn’t let pass this train… And now I ‘m waiting for a pullback… Thanks for your advise !
Gloat away my friend. I too will gloat this evening and laugh at those that laughed at my I’m Very Bullish Here post a few days ago.
gloating well earned, that
Indeed, let us dine on the panic stricken.
http://www.zerohedge.com/article/amount-radioactive-fuel-fukushima-dwarfs-chernobyl
Thats the link I mentioned in the other thread, just before finding a bottle of rum, which lead to a headache and some bad text-messaging-decisions.
I would like to offer that I think your coverage of the nuclear situation has been tops. It takes some amount of sac to offer a factual take in the face of a media hurricane.
I’m laughing at the guy (first comment) saying matter of factly that this place will be a no go for thousands of years.
How many people live in Hiroshima? Oh yeah, over a million…
As long as nothing like plutonium leaks, this place will clean itself inside of 30 years. If something bigger than that happens, then they have to physically start removing soil and shipping it away to storage locations, in which case it will still be clean (probably faster) but it’ll cost a lot more.
the comment section at zero hedge rarely fails to make me want to punch things.
I don’t gamble much or at all, but I travel to Vegas now and again just to get extremely drunk in a place where nobody care. I live in a small town and if I got drunk and ordered a bunch of omelettes just to throw them off a top-story balcony at tiny little dots that are tourists walking the street below…
I’m afeared that folks would talk about it.
Not in Vegas, where everybody is nameless and faceless. Business there has gotten consistently better over the last 2 years and it seems fairly hoppin these days.
How recently were you there?
10 days ago.
It was bizzare in January 2009, cabbies offering drugs, hookers, clubs begging us to come in in sandals and shorts and t-shirts. The place was desperate. The desperation is gone.
Thanks for the report; I definitely value insightful observation, like this, as much as if not more than anything you can find in a company report.
Desperate times are the best times for travel. I had to go to Singapore the week the second Gulf War broke out and SARS was going to be the pandemic that would kill us all (not to be confused with chicken flu, bird flu, pig flu, et al that were also supposed to destroy civilization as we know it).
Anyway, the flight was empty. The hotel was probably 10% booked so as a token of their appreciaiton management offered up a free bar for the entire week. There were other “amenities” being offered at great discounts as well. Normally I don’t care for Singapore that much because it’s too sterile and reminds me too much of the West. However that particular trip was brilliant.
Congrats on a nice call.