Make Volatility In Uranium Stocks Your Friend
Actionable Intelligence Alert
English - July 10, 2021 19:11 - 50 minutes - 46.6 MB - ★★★★★ - 17 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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We are witnessing a pullback in uranium stocks as prices have gotten way ahead of fundamentals.
We have seen this in uranium before during the last bullmarket. It happens in all cyclical stocks.
I show the example of a uranium stock in the last bullmarket that went from under a dollar to nine dollars in three years. Along the way, the stock had several 50% plus drawdowns.
In a bullmarket you buy the dips. That can only happen if you have conviction in the story. Conviction comes from having done the work and developing a cogent thesis on the underlying stock. You must do the work.