- Dow hits all time high today, 3rd day in a row.
- Nasdaq was flat.
- I was busy today and placed lot of trades, used all the fund from FRG I sold this week, and also used cash to purchase uranium stocks of EMU and URZ.
- I think long term uranium stocks should do really well, and since FRG did great recently, and also got lot of publicity, I found articles and technical analysis about FRG. Traders love FRG. I decided to sell FRG and used the money to buy two relatively unknown stocks: EMU and URZ.
- Based on the reserves EMU and URZ have, they are trading at a great discount to FRG, even considering FRG's gold reserves.
- Upside potential for FRG is, it's a discovery company and can announce new discovery. But from pure uranium perspective, EMU and URZ are better.
- PM continued to consolidate, I think they're taking a break before the next major up trend. Considering their great run recently, SSRI and PAAS are doing well today.
Friday, February 16, 2007
Dow hits all time high of 12767
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