Tuesday, October 13, 2009

Uranium Energy



The weekly chart on Uranium Energy ticker UEC (above) shows what looks to be a cup with handle formation. Based on the above chart and said formation I am punting 1 unit long of UEC here at $3.50 with a stop at $3.09


Good speculating and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Long 1 unit Ultrashort Russell 2K ticker TWM @ $27.50 stop @ $26.40
Long 1 unit US$ Index bullish ticker UUP @ $22.75 stop @ $22.44
Long 1 unit Uranium Energy ticker UEC @ $3.60 stop @ $3.09
Short 1 unit i-shares Russell 2K ticker IWM @ $61.70 stop @ $63.80
Short 1 unit Vornado ticker VNO @ $68.30 stop @ $70.71
Short 1 unit Bed Bath ticker BBBY @ $37.75 stop @ $38.41

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