Riding The Gravy Train: Fantastic news for uranium stocks, not so for WNR

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Monday, December 18, 2006

Fantastic news for uranium stocks, not so for WNR

Uranium fans may have noticed the significant rise in price on Friday, and indeed our many uranium holdings jumped significantly today.

Uranium prices up about 10 pct in auction - Reuters Mon Dec 18, 2006

Nothing has changed in our sentiment regarding current holdings, as detailed in recent updates, with the exception perhaps of WNR which was the vicitm of some bad news today.

A major analyst downgrade to "sell" is rare, and too often seems to come when a stock has already lost most of its value so the timing of this puzzles us. We remain holders, but we're likely sellers if it closes under $25 in order to preserve capital and book the gains that remain. If so, we'll update the blog accordingly.

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Riding The Gravy Train

Monday, December 18, 2006

Fantastic news for uranium stocks, not so for WNR

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