Wednesday, March 08, 2006

5th Uranium Stocks Pick: Uranium Participation Corp (TSE:U)

Correction in the resource sectors the last couple of days have been somewhat painful, I'm sure, for many of us. During these times I'm tempted to look away and forget the vast sea of red that swamps the green. Of course, as a long-term investor in the most promising mid-sized uranium companies, I can afford to do that.

However, what might be a better idea is to hunt for bargains right around this time, when uranium is correcting for the sake of being considered in tandem with other resource metals. Of course, we all know this is not true, but we accept it as it is, with the understanding that bargains can be made--especially in times like these. Even if it is sinking it in a stock like Uranium Participation Corporation (U.TO), which is the closest thing to a set-it-and-forget it uranium ETF as you can get. In fact, U.TO would be my fifth pick, if it weren't for the fact that I would have nothing to write about it except to show you the graph of uranium oxide price again =P
 

4 Comments:

Blogger charlottebandit said...

Tell me about it! Nothing but bloodshed in my portfolio. And that's because I added 4K more into my uranium portfolio on Monday. :(
___________________

Got this from the CCJ Messageboard at Yahoo concerning pull-backs that I thought was pertinent after this pull-back

"Ups and downs past two years:

8 to 7 then to 14
14 to 12 then to 17
17 to 15 then to 24
24 to 18 then to 25
25 to 17 then to 27
27 to 24 then to 41
41 to 33 then to ?
The trend is your friend, CCJ runs up and
consolidates over and over. I see no reason
to think this time will be any different."

1:18 PM  
Blogger charlottebandit said...

I "hope" that the bloodshed has dissappated for uranium (mineral) stocks. Luckily, BHP hasn't taken too much of a hit as CCJ has.

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Being off-topic here, have you looked at the stock (TDCP)3d Icon? It's a tech stock that teamed up with the U. of Oklahoma to develop portable 3-d holographic communications (similar to Star Wars).

They are currently permitting their technology and will have a prototype out in early summer, and begin marketing in the latter part of 2006.

It's at .33 (3/11/06). Been in since 1/06 at .185. This will really revolutionize the way we communicate and I personally believe it will reach the level of IBM-status. They have plans to get on a major exchange and should be releasing a sweet PR shortly. TDCP.

7:36 AM  
Blogger charlottebandit said...

This comment has been removed by a blog administrator.

7:38 AM  
Blogger charlottebandit said...

Just wanted to add that it's not a "pump-n-dump" at all, but hopefully a nugget of gold to those who are interested as I am LONG in this stock (TDCP).

7:54 AM  

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