Started accumulating uranium shares in 2013. Been a long road. Sector finally getting love. All the stars are lining up. Next few years should yield massive gains to anyone who was early. Great run-down! Cheers
Good job! I trust you averaged down well, and now sitting pretty. I thought about it on 2020. But was too cynical, skeptical. Even while the facts were staring me in the face. 🙄
@@TheRustyLM Thx! Did you ever start a position? I did average down. I continue to add on weakness. Since my income does not allow me to buy large chunks, DCA’ing was/is my strategy. It’s worked out well. Same with gold/silver/oil equities. Entered oil when it went negative. Believe that was 2020. That’s worked out great as well.
@@socalsilver6397 Awesomeness! Good call on that 2020 pull-the-trigger courage! As for me,… I waited and waited. But I’m finally in on oil&gas and uranium for last couple years only; so I missed the big moves up. But not in the red at all. I do average down purchase when I can. I think the energy thesis is sound in the long run, especially nuclear. Unless some reactor blows up😮
Now that uranium is showing signs of life, influencers I normally don't see are popping up around RUclips. Whatever gains we are seeing now, we're going to lose as much as 70% of them within six months. That's just the way uranium works. I have been in since 2021, so I know. As soon as that RSI gets up high, we 20ers and 21ers already know to take profit. So, if you are a tourist and you don't have a good grip on what this sector is all about, you're going to get the rug pulled out from under you. Uranium is a widowmaker. You have been warned.
I think you are right. I believe in nuclear power long term but commodities should be bought when they are hated, not when RUclipsrs start making videos about them. I will stay away from this sector and check back in 6 months. There are much easier things to invest in with a higher margin of safety.
@@fuhishva Smart move on your part. Tell anyone else you know who is a "uranium tourist" to stay away because this sector burns so many individual investors.
Haha, you lads are too fresh to it to know what you are talking about. My 12 American uranium miners went up an average of 8% today. Uranium was $17 in 2017 when I started, and it’s going a lot higher than where it is now. Look at history, example Bob Healy’s investment in Paladin and his 10,000 % return. In fact Paladin could well be a super star again with the Fission merger, and what next ?? Nexgen merger maybe ?
I started in 2017 and it has been life changing. I’m currently enjoying a pacific cruise. I believe uranium stocks will be up around 50% 6 months from c now. Time will tell 👍😊
@@SteveBarker-v2m You may be right. Nothing is impossible for this sector. And I hope you are right. However, if the sector goes up that quickly, we are going to have a lot of up-gapping, a very high RSI, and we will be positioned a great deal of distance from the 30/200 day moving averages. Those conditions will have to correct to a better position of equilibrium. I guarantee you that there will be a lot of profit taking. There will be a correction of as much as 70%. Nothing goes straight up. I don't have to explain that this sector is highly volatile, not for the average retail investor.
Started accumulating uranium shares in 2013. Been a long road. Sector finally getting love. All the stars are lining up. Next few years should yield massive gains to anyone who was early. Great run-down! Cheers
Good job! I trust you averaged down well, and now sitting pretty.
I thought about it on 2020. But was too cynical, skeptical. Even while the facts were staring me in the face. 🙄
@@TheRustyLM Thx!
Did you ever start a position?
I did average down. I continue to add on weakness. Since my income does not allow me to buy large chunks, DCA’ing was/is my strategy. It’s worked out well. Same with gold/silver/oil equities.
Entered oil when it went negative. Believe that was 2020. That’s worked out great as well.
@@socalsilver6397 Awesomeness!
Good call on that 2020 pull-the-trigger courage!
As for me,… I waited and waited. But I’m finally in on oil&gas and uranium for last couple years only; so I missed the big moves up. But not in the red at all.
I do average down purchase when I can.
I think the energy thesis is sound in the long run, especially nuclear. Unless some reactor blows up😮
@@TheRustyLM Nice. Agreed!
Aside from a true black swan, nuclear equities going higher. Oil and gas is solid as well.
That is true until it's not then it will be a scramble to buy back at higher prices. Been around since 2010 you've been warned.
Now that uranium is showing signs of life, influencers I normally don't see are popping up around RUclips. Whatever gains we are seeing now, we're going to lose as much as 70% of them within six months. That's just the way uranium works. I have been in since 2021, so I know. As soon as that RSI gets up high, we 20ers and 21ers already know to take profit. So, if you are a tourist and you don't have a good grip on what this sector is all about, you're going to get the rug pulled out from under you. Uranium is a widowmaker. You have been warned.
I think you are right. I believe in nuclear power long term but commodities should be bought when they are hated, not when RUclipsrs start making videos about them. I will stay away from this sector and check back in 6 months. There are much easier things to invest in with a higher margin of safety.
@@fuhishva Smart move on your part. Tell anyone else you know who is a "uranium tourist" to stay away because this sector burns so many individual investors.
Haha, you lads are too fresh to it to know what you are talking about. My 12 American uranium miners went up an average of 8% today. Uranium was $17 in 2017 when I started, and it’s going a lot higher than where it is now. Look at history, example Bob Healy’s investment in Paladin and his 10,000 % return. In fact Paladin could well be a super star again with the Fission merger, and what next ?? Nexgen merger maybe ?
I started in 2017 and it has been life changing. I’m currently enjoying a pacific cruise. I believe uranium stocks will be up around 50% 6 months from c now. Time will tell 👍😊
@@SteveBarker-v2m You may be right. Nothing is impossible for this sector. And I hope you are right. However, if the sector goes up that quickly, we are going to have a lot of up-gapping, a very high RSI, and we will be positioned a great deal of distance from the 30/200 day moving averages. Those conditions will have to correct to a better position of equilibrium. I guarantee you that there will be a lot of profit taking. There will be a correction of as much as 70%. Nothing goes straight up. I don't have to explain that this sector is highly volatile, not for the average retail investor.