Tuesday, February 15, 2011

The Uranium Journey

Uranium has gone through a journey. Like a bad boy turning good. He has to convince the authorities that he is a good boy and is under a good home or guardianship. He is challenged by the smarter and sexier green energy and the stable staple of fossil energies [Oil, Coal and natural gas]. But looks like the bad boy is given the second glance over just becasue he is fast, efficient and cheap and POWERFUL. So up and down may give way to more up than down. Given that the over the next 15 years, the number of Nuclear reactors Worldwide will double. Another 400+ to current 400.
I like Alliance Resources although a smaller and narrower play compared to UUU or AGS, just becasue of the chart. Looks like a big triangle triangulating off.

UUU when it dips.
ERA : looks like there is major support at this price.

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