The Contrarian Approach Right Now On Uranium Stocks
This past weekend, one of the biggest resource conferences was held in Vancouver again this year. I was not there but I know several people who were.
Here is a quick comment that is very interesting to me: I just got home from the Gold Show. A quick comment. There was a panel on uranium and the general consensus was that the sector has had a really good run and it was time to get careful.
Although I agree that uranium has had a nice run the analysts are all just looking out for their own necks. Nobody wants to stick it out and take a different view.
The way they are thinking is that some profits have been made so now I can't go wrong at all by telling somebody to take profits. But they don't even go that far. They say "get careful". What does that exactly mean? Sell some? How much? So many questions...
Anyways, I am going to stick my neck out and say to stay fully invested in uranium and keep on buying more. I think when these boys all join up again with the stocks up much higher than they are now and encouraging everybody to keep buying more, then that will be the time to start selling.