Been holding this one for awhile. It's seen a nice climb over the last few days.
Any thoughts where it'll end up?
I've not followed UUU for ages and can't comment
on its future performance. I do believe uranium stocks
in general will do well in the coming year. UUU and a few
others in the sector have hit their 52 weeks high so the easy
money very likely has already been made. Nonetheless I
remain bullish in uranium stocks. Many of these uranium stocks
still have a long way to go to reach their all time peak
from 2007. Investors putting money into a basket of uranium
mining stocks like Hathor Exploration, FIssion Energy, UEX
Corp and Strathmore Minerals will likely be rewarded handsomely
even if the market price of uranium recover only half of its all
time high (~$140) which I think is very likely to transpire in 2011-12.
Risk averse investors should stick to a blue chip stock like CCO
or a low risk venture like Uranium participation corp. Small to
mid cap mining stocks are the worst kind of investments you want
to hold on to in a bear market.