I completely missed the BIG move, but at least I didn't buy in at the top! Anyway, now seems like a pretty good time to take a position, accepting the possibility of further short term volatility (if gold and oil pull back to $730 / $75 ish then I could imagine uranium re-testing $75-$80. But for now it looks like things are on the up again and I don't want to get left behind. In light of Swervin' Mervyn's latest comments I've decided my £ cash holdings are too high so need to diversify and expand the non-cash portion of my STR fund a bit more.
So... I'm looking to put together a mini portfolio of 3 or 4 stocks to hold for the med-long term, nothing ultra speculative, although I'm only looking at circa 2% of my net worth for this so happy with a bit of risk. Currently thinking of a mix of Cameco, Laramide, and Uranium Participation Corp. What do y'all think? I would consider putting a 4th more risky play in there if anyone has any ideas I can research?
I think now could be a great time to get into Urainium too. I have been watching TSX:UUU (Urainium One, Inc) for quite a while now and it seems to have been hit more than the stocks you have mentioned.
Might be worth checking it out as one of your four but I need to do much more research about it to be convinced it's worth holding.
Do post back here if you go for it with any stocks. I would love to hear more about your reasoning behind those you select.
Uranium: Price is booming
in Energy: Oil, Coal, Uranium etc.
Posted
I think now could be a great time to get into Urainium too. I have been watching TSX:UUU (Urainium One, Inc) for quite a while now and it seems to have been hit more than the stocks you have mentioned.
Might be worth checking it out as one of your four but I need to do much more research about it to be convinced it's worth holding.
Do post back here if you go for it with any stocks. I would love to hear more about your reasoning behind those you select.