Wednesday, November 11, 2009

u3o8 - me like

Amid all the noise to the upside in the precious metals and all of us thus far ill-fated top callers in the broad markets and commodities, it seems that a little sector known as the U's is looking very interesting.

I think that NFTRH59 is going to do some technical analysis on the sector itself and on a stock or two in support of what I think is a bullish set up (okay relax, I am a bottom feeder who likes to buy low and sell high - so momo's or impatient traders should avoid). There was a key indicator NFTRH looked at much earlier in the year when it was time to get bullish for a trade, and that indicator is going to be looked at and updated. I like the looks of it.

This is a funny sector that tends to go its own way. It has not really been participating in the rally, but I find myself picking up shares slowly as I think that over time, U is going to be a big winner. I am up to 3 U's and may add more if things stay on track.