Uranium Stocks

tmikuckis · #1 (**permalink**) 05-19-07, 10:46 PM

I currently own 2 uranium explorer/extractor stocks.

-I bought Cameco Corp (CCJ) at 39.75 and now its at 50.11
-I bought Denison Mines (DNN) at 6.36 and now its at 13.75

I was thinking of maybe selling these stocks or taking some money off the table, I was just wondering if anyone had an opinion on these uranium stocks overvalued, undervalued exc.

mataspeed · #2 (**permalink**) 05-20-07, 05:43 AM

To me, DNN looks good. I would expect it to hit 15 maybe more, but it if gets lower than 12.50 I would start to worry.

CCJ just reached higher highs. Looks like it's stalling a little so I'm neutral leaning towards bullish. Long term I have no reason to doubt it, I'm talking 3-5 months or more, looks bullish. Short term unless it can break pass 51.30ish I can see it coming down and I wouldn't be worried long term unless it comes down below 45.

WallStGolfer31 · #3 (**permalink**) 05-20-07, 06:08 AM

To me the uranium industry is tricky. I believe it's actualty illegal to possess uranium lol. They have some kind of contract handling maneuver all worked out though, so they can do what they do.

If you're looking at alternative energy for the long term, these would definitely be great ways to exploit it. The question is, what is the expected probability that has been priced in for this scenario? Your expected payoff will be directly effected by this.