Riding The Gravy Train: Long UNI

Riding The Gravy Train

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Friday, November 03, 2006

Long UNI

We've held UNI for some time, with an average price of $0.40 We now find it rising from a long-term up-trend line begun late last year, as well as crossing a down-trend line begun in May of this year.

We view this as very bullish in light of the aggregate uranium sector's continued gains into November and will add Long UNI, Unor Incorporated at $0.53

We expect Unor to continue rising along with other uranium stocks from its recent $0.40 bottom. Resistance could manifest between $0.60 and $0.70, however should the stock rise beyond that level we'd expect a testing of the previous all-time high of $1.00 and hopefully beyond.

Unor Incorporated