Posted in Portfolio Stock News, Trading Ideas, Uranium Stocks on May 1st, 2008 No Comments »
Tuesday, April 29, CXZ hit our sell stop of $0.69 and we were sold out at that price. Uranium stocks are in a long downtrend due to uranium prices dropping from almost $150.00/pound last year to $65.00/pound today.
We have a rule that says if we are stopped out of a stock we cannot buy [...]
Posted in Agricultural, Energy, Industry Sectors, Market Commentary, Trading Ideas, Uranium Stocks on Apr 26th, 2008 No Comments »
We came close to being stopped out of CXZ while I was out of town this week, but we’re safe for now. Uranium is in the doldrums with its price declining to $65 a pound over the last month or so from $75 a pound. That has driven uranium exploration company stock prices down, way [...]
Posted in Trading Ideas, Uranium Stocks on Apr 10th, 2008 No Comments »
Back in January we bought Crosshair Exploration and Mining Corp. (CXZ) with great anticipation when it seemed that the price of uranium had bottomed and finally turned around. The next day Crosshair announced a winter drill campaign and the stock seemed ready to soar. Then the Nunatsiavut Government announced plans for a three-year moratorium on [...]
Posted in ETF, Industry Sectors, Market Commentary, Trading Rules, Trading Tools, Uranium Stocks on Mar 30th, 2008 No Comments »
Sometime others can say things better than I could ever express them. The title of this post is taken from a post on another site where the Arden sisters, who are internationally know as some of the most accurate precious metals forecasters around, wrote a post with the same title. It expresses some powerful views [...]
Posted in Precious Metal Stocks, Technical Analysis, Trading Ideas, Trading Rules, Uranium Stocks on Mar 13th, 2008 No Comments »
Back in mid-January I wrote about Crosshair Exploration & Mining Corp (see Using Trend Channels to Time Trades and Crosshair Begins Winter Drill Campaign). We bought it and, following the rules we defined when we set up this site, we entered a sell stop. When the market turned against us, we were stopped out at [...]
Posted in Market Commentary, Precious Metal Stocks, Uranium Stocks on Jan 18th, 2008 No Comments »
Stocks had a very rough week. While it began optimistically, with the Dow Jones industrials surging 172 points Monday on hopes that perhaps the worst of the housing and mortgage crisis might be over, deepening pessimism led to a 277-point plunge Tuesday and a 307-point slide on Thursday. On Friday, the Dow, which was up [...]
Posted in Industry Sectors, Market Commentary, Precious Metal Stocks, Uranium Stocks on Jan 17th, 2008 No Comments »
What a time to start a bog on stock trading techniques and target uranium and precious metals as the industry sectors to be in. Did I make a mistake? No, but the timing sure looks bad. The first thing to remember is that this blog is about stock trading techniques, so they apply no matter [...]
Posted in Portfolio Stock News, Uranium Stocks on Jan 16th, 2008 2 Comments »
We bought it yesterday and got some good news this morning:
Crosshair Exploration & Mining Corp. (AMEX: CXZ) (TSX-V: CXX) is pleased to announce the start of its 2008 winter drilling program on its Central Mineral Belt (CMB) Uranium Project in Labrador. The planned 13,000 m program will include three active drills on the property, conducting [...]
Posted in Technical Analysis, Trading Ideas, Uranium Stocks on Jan 15th, 2008 2 Comments »
One of our trading rules is to only trade stocks in an up trend. However, even stocks in an up trend can have wild swings that, over time, form a distinctive channel that we can take advantage of to time our trades. Hank loves to chart and provided the charts used in this post.
We previously identified [...]
Posted in Industry Sectors, Precious Metal Stocks, Uranium Stocks on Jan 11th, 2008 1 Comment »
Before we can successfully trade stocks, we need to find an industry sector that is on a secular (long-term) up trend. While there are always exceptions, stocks, even good ones, in an industry that is in a secular down-trend tend to get dragged down with the group. Most recent examples are the housing sector, the mortgage [...]
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