Best Uranium stocks

[Lancers32]

I think they will set up a trading range DNN UUUU and UEC between today's highs and lows.

Wrong. Up in pre.

 

[Jodster]

Deadcat bounce? or turning point?

 

[Lancers32]

I think we saw the lows yesterday. More volume would be nice but it is what it is. I would wait for retracements in Uranium and PM miners if I wanted to buy/add. Yesterday's closes might be a place to look. Gaps.

 

[ZZZZZ]

All green Down Under this AM

 

[Lancers32]

More a reaction to New York action yesterday than anything predictive.

 

[Jodster]

I think we saw the lows yesterday. More volume would be nice but it is what it is. I would wait for retracements in Uranium and PM miners if I wanted to buy/add. Yesterday's closes might be a place to look. Gaps.

Yeah I'm expecting to lose all of yesterday's gains today. Still bearish? And for how long?

 

[Lancers32]

Yeah I'm expecting to lose all of yesterday's gains today. Still bearish? And for how long?

Not bearish.

 

[Jodster]

Not bearish.

OK, let me refine my question then. We gonna get another dead-cat bounce on "Smackdown Friday"? Double-bottom or V-shaped recovery?

I compared typical small and large caps with the URNM, HURA and U.UN.TO funds. Looks like two days ago, on Monday could have been the bottom; unless we get that double bottom. Coin toss at this point...

 

[Lancers32]

Anyone who says they know the answer to that is lying.

 

[Jodster]

Anyone who says they know the answer to that is lying.

I think my strategy at this point is to place some 3-day bids at Monday's low. If they execute, I'm averaging down.
If they expire on Friday, I'll know the bottom is probably in.

Had to research it, as I'm still learning this stuff. Double Bottom from Investopedia:

The double bottom pattern always follows a major or minor down trend in a particular security, and signals the reversal and the beginning of a potential uptrend. Consequently, the pattern should be validated by market fundamentals for the security itself, as well as the sector that the security belongs to, and the market in general. The fundamentals should reflect the characteristics of an upcoming reversal in market conditions. Also, volume should be closely monitored during the formation of the pattern. A spike in volume typically occurs during the two upward price movements in the pattern. These spikes in volume are a strong indication of upward price pressure and serve as further confirmation of a successful double bottom pattern.

Once the closing price is in the second rebound and is approaching the high of the first rebound of the pattern, and a noticeable expansion in volume is presently coupled with fundamentals that indicate market conditions that are conducive to a reversal, a long position should be taken at the price level of the high of the first rebound, with a stop loss at the second low in the pattern. A profit target should be taken at two times the stop loss amount above the entry price.

 

[Pyramid]

FWIW, I submitted 10 stocks to Rick Rule to "rate" at https://ruleinvestmentmedia.com/

He/his team rated the 3 Uranium stocks I submitted (1-10), with comments, as applicable, as follows:
DNN: 5, should be the consolidator, requires patience
UEC: 6, (no comments)
UUUU, 5, (no comments)

Still not sure where I want to go with this, so any recommendations would be much appreciated! Thank you and good luck out there folks.

 

[ZZZZZ]

FWIW, I submitted 10 stocks to Rick Rule to "rate" at https://ruleinvestmentmedia.com/

He/his team rated the 3 Uranium stocks I submitted (1-10), with comments, as applicable, as follows:
DNN: 5, should be the consolidator, requires patience
UEC: 6, (no comments)
UUUU, 5, (no comments)

Still not sure where I want to go with this, so any recommendations would be much appreciated! Thank you and good luck out there folks.

Rick is a tough cookie. I remember an interview a few years back where he said he has only graded one stock a 2. Unfortunately, I don't remember what it was. Never a 1. 3s are rare, so 4s and 5s are pretty good.
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[Pyramid]

Rick is a tough cookie. I remember an interview a few years back where he said he has only graded one stock a 2. Unfortunately, I don't remember what it was. Never a 1. 3s are rare, so 4s and 5s are pretty good.
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.

He sure is a tough grader. I really think I admire and respect this gentleman above many others. He's got the track record and the self-described "libertarian" persona that I appreciate.

From the email:
"Thank you for the honor and opportunity of grading and commenting on your natural resource portfolio. The grades are one through ten, with one being best. Please understand that these are company rankings, rather than investment recommendations. I believe that investor education and outreach are the most honest and effective forms of advertising, and marketing.

Please don't be discouraged if you find my rankings harsh...because they are! I've given out less than a dozen "one" rankings in three decades of analyzing resource stocks. Note too, that these rankings are snapshots in time, subject to rapid change, with new news, different markets, and changing share prices."

 

[ZZZZZ]

He sure is a tough grader. I really think I admire and respect this gentleman above many others. He's got the track record and the self-described "libertarian" persona that I appreciate.

From the email:
"Thank you for the honor and opportunity of grading and commenting on your natural resource portfolio. The grades are one through ten, with one being best. Please understand that these are company rankings, rather than investment recommendations. I believe that investor education and outreach are the most honest and effective forms of advertising, and marketing.

Please don't be discouraged if you find my rankings harsh...because they are! I've given out less than a dozen "one" rankings in three decades of analyzing resource stocks. Note too, that these rankings are snapshots in time, subject to rapid change, with new news, different markets, and changing share prices."

Thanks, I guess I misremembered the exact details of that interview I heard, must be 5 years ago now.
.
.

 

[Jodster]

FWIW, I submitted 10 stocks to Rick Rule to "rate" at https://ruleinvestmentmedia.com/

He/his team rated the 3 Uranium stocks I submitted (1-10), with comments, as applicable, as follows:
DNN: 5, should be the consolidator, requires patience
UEC: 6, (no comments)
UUUU, 5, (no comments)

Still not sure where I want to go with this, so any recommendations would be much appreciated! Thank you and good luck out there folks.

There's always a lot of chatter at reddit /Uraniumsqueeze, but be warned that suggestions are cheap . . results are not.
Personally, any Newbie into Uranium should just buy the funds I listed above (URNM, HURA, U.UN.TO and I like URC.WT.VN). These funds have true professionals and teams of researchers doing diligence for you. Less gains but less volatile.
There are some penny stocks that seem viable but in reality, you will probably lose that money. Treat it as a night at the casino.
For me, BQSSF, BSK.VN, DNN, BNNLF, LEU and PENMF are worth considering. DYODD. Not financial advice

 

[Lancers32]

I think my strategy at this point is to place some 3-day bids at Monday's low. If they execute, I'm averaging down.
If they expire on Friday, I'll know the bottom is probably in.

Had to research it, as I'm still learning this stuff. Double Bottom from Investopedia:

The double bottom pattern always follows a major or minor down trend in a particular security, and signals the reversal and the beginning of a potential uptrend. Consequently, the pattern should be validated by market fundamentals for the security itself, as well as the sector that the security belongs to, and the market in general. The fundamentals should reflect the characteristics of an upcoming reversal in market conditions. Also, volume should be closely monitored during the formation of the pattern. A spike in volume typically occurs during the two upward price movements in the pattern. These spikes in volume are a strong indication of upward price pressure and serve as further confirmation of a successful double bottom pattern.

Once the closing price is in the second rebound and is approaching the high of the first rebound of the pattern, and a noticeable expansion in volume is presently coupled with fundamentals that indicate market conditions that are conducive to a reversal, a long position should be taken at the price level of the high of the first rebound, with a stop loss at the second low in the pattern. A profit target should be taken at two times the stop loss amount above the entry price.

Just because your stocks do not make a lower bottom tomorrow doesn't have to mean the bottom is in. Getting close to gap fills on some of the stocks not others.

 

[Jodster]

Just because your stocks do not make a lower bottom tomorrow doesn't have to mean the bottom is in. Getting close to gap fills on some of the stocks not others.

Yeah Lancers, I have some of the smaller stink bids getting filled. Got some BSK.VN at 0.195 today.
Probably lots of room left to fall but it’s been quite the sideways pattern on low volumes. What it means is beyond me.
But because it is eerily quiet, I invested in some VXX today. Lowest it’s been in years.
If we have a false flag soon, that should pop hard.

 

[Lancers32]

I try to look at more than one chart for support/resistance. $2.90 is 50% of the high price and there is a cluster of bottoms below near $2.75-$2.80. This stock still hasn't closed the recent gap up. It might.

 

[Lancers32]

Gaps closed UUUU and DNN.

 

[Jodster]

 

[Lancers32]

Dat boy need to talk to the Silver stackers bout dat $hit right der.

 

[Voodoo]

FWIW, I submitted 10 stocks to Rick Rule to "rate" at https://ruleinvestmentmedia.com/

He/his team rated the 3 Uranium stocks I submitted (1-10), with comments, as applicable, as follows:
DNN: 5, should be the consolidator, requires patience
UEC: 6, (no comments)
UUUU, 5, (no comments)

Still not sure where I want to go with this, so any recommendations would be much appreciated! Thank you and good luck out there folks.

What was your highest rated company? I've considered sending him some stocks that I own.

 

[Lancers32]

Hey does Sprott have any positions in Uranium stocks?

 

[Jodster]

Out of sheer curiosity, I decided to compare some Uranium funds and various stocks against URNM on a 1 month chart.

Double-bottom. Deadcat bounce. Consolidation bottom. Capitulation. Support level . . .
Call it what you want, it looks like the sellers are drying up and the bids are around Monday's previous bottom. Once confirmed, I think buyers will join in the uptrend.
Thoughts?

Hey does Sprott have any positions in Uranium stocks?

Well he has a fund. U.UN.TO. They buy physical Uranium. Like his other funds, they have tons of cash and take viable product off the market.

 

[Lancers32]

OK I wasn't sure whether they were trying to steer people into their own picks. Fair enough.

 

[Lancers32]

Been buying DNN today. I think the risk is as you say down to Monday's lows. Lower you can't say because so far even the bottoms haven't been tested.

 

[Jodster]

OK I wasn't sure whether they were trying to steer people into their own picks. Fair enough.

There is buzz they will be joining with the global fund URNM. I haven't dove into the details yet. I DO think the sprott fund will have a lot of upside potential. Mr. Sprott didn't become a billionaire by making bad decisions.

 

[ZZZZZ]

There is buzz they will be joining with the global fund URNM. I haven't dove into the details yet. I DO think the sprott fund will have a lot of upside potential. Mr. Sprott didn't become a billionaire by making bad decisions.

Very true, but about 5 years ago Eric Sprott retired from the company that still bears his name.

His protégé Rick Rule also retired recently.

But I have 100% confidence in the people who have taken over the reigns.
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[Lancers32]

OK. Looking to add more DNN $1.33 Monday. The way the stocks came off the board on Friday leads me to believe we get a chance to buy lower this week. So we will see if last week's lows hold.

 

[Lancers32]

Let's see if UEC can close that gap from last week.

 

[Lancers32]

 

[Lancers32]

DNN Hi $2.14 lo $.19. Halfway back is $1.17. One half the highest selling price this go round is $2.14 one half is $1.07. Looking down there worst case scenario.
Opening higher selling off not good.

 

[Lancers32]

 

[Jodster]

Are you guys seeing this shit? Across multiple commodities.
I'm calling the futhermucking double bottom complete.
All chips on the table. I'm all in!

 

[Lancers32]

Bought DNN but I really think it goes lower. You never know. Keep a lot of free cash for a further crash. A lot.

 

[Jodster]

What is this “lot” of cash you speak of?
If I had a lot, I wouldn’t be hanging with you scurvy dogs

 

[Lancers32]

What is this “lot” of cash you speak of?
If I had a lot, I wouldn’t be hanging with you scurvy dogs

Like 75% of your allotment.

 

[Jodster]

Like 75% of your allotment.

does 25% count? I've mal-invested the other 75% in precious metals, uranium, social media, magnesium and lithium stocks. Ironically the only thing I'm ahead on is VXX volatility index.

 

[Lancers32]

Sell the rips and buy the dips.

 

[Jodster]

Sell the rips and buy the dips.

That's not what Dpong does, and he's ahead of us at the moment LOL