No way of knowing of course, and in the end, our opinions have no value.
What are the facts we currently have and on which we should base our acts upon instead of mere opinions?
->
#uranium #u3o8 #nuclear #investing #commodities
What are the facts we currently have and on which we should base our acts upon instead of mere opinions?
->
#uranium #u3o8 #nuclear #investing #commodities
https://twitter.com/capnek123/status/1522987870184775681
-> Broad market is in a downtrend and the expectation is that rallies will be sold
-> #Uranium sector equities are showing momentary relative weakness
-> Spot price is showing relative strength
-> Long term trend in U leaders is mostly fully intact
-> #Uranium sector equities are showing momentary relative weakness
-> Spot price is showing relative strength
-> Long term trend in U leaders is mostly fully intact
Best way for an investor who has no means of timing the market, is to scale back in gently. It is to remember though that the possible downside is still quite large if the sector stays correlated to broad market.
Until the general market regains long term moving averages, and shows strength over them, market is in correction/bear market.
Fools rallies happen and can last several weeks. Absolute bottom can be pointed out only in hindsight.
Fools rallies happen and can last several weeks. Absolute bottom can be pointed out only in hindsight.
Personally I keep taking both long and short positions with short, intraday to few days, timeframe, on relatively appealing fluctuations. As the volatility has increased, taking profits easily is recommended.
Will keep adding cash in rallies, until either RS turns favorable or..
Will keep adding cash in rallies, until either RS turns favorable or..
broad market starts looking more bullish.
"Majority is usually wrong, when it's most important to be right."
"Majority is usually wrong, when it's most important to be right."
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