Seeking Alpha

Gary Tanashian's  Instablog

Gary Tanashian
Send Message
Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium newsletter Notes From the Rabbit Hole (http://www.biiwii.com/NFTRH/subscribe.htm). Complimentary analysis and commentary is available at the 'Biiwii Blog'... More
My company:
Biiwii.com's Notes From the Rabbit Hole
My blog:
Biiwii.com's Notes From the Rabbit Hole
  • URG Update from 10/12 -- NFTRH Promo ;-) 0 comments
    Oct 21, 2010 10:37 AM | about stocks: URG
    Most recent update sent to subscribers on October 12, after original highlight at .83:



    Good morning,

    I wanted to update the current status of uranium prospect, and current NFTRH holding UR-Energy (URG/URE.TO) per the attached chart.

    Note that the break above initial resistance (now support) targets 1.27 (measured).  If this level is registered, the stock will have, temporarily at least, exceeded the next resistance zone at 1.20.  Success there would load a measured target of 1.67.

    I highlight URG today because it was highlighted in NFTRH as a 'bottom feeder' play that looked good for buying in the .80's and traders may be thinking about exit points. 


    Thus far I have not sold any shares and frankly have not thought much about it yet as I like the chart, with its positive MACD, and I like the company as part of the NFTRH uranium group, assuming the global growth theme remains intact.  I had added some additional shares on another buying opportunity per an email update and maybe I will think about trimming at some point. 

    But again, you are you and I am me.  The stock is +34% from its introduction in NFTRH.  Swing traders, portfolio managers and investors all do what they do as suits their individual needs.


    Regards,

    Gary



    Here is the URG chart as of today:





    Disclosure: Long URG at time of writing
    Themes: ur-energy, uranium, u3o8 Stocks: URG
Back To Gary Tanashian's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.