Nigam Arora's  Instablog

Nigam Arora
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Nigam Arora is an engineer and nuclear physicist by background, has founded two Inc. 500 fastest growing companies, has been involved in over 50 ventures, is the developer of Theory ZYX of Successful Change Management, is the author of the book on Theory ZYX, as well as the developer of the ZYX... More
My company:
The Arora Report
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My book:
Theory ZYX of Successful Change Management: A Definitive Guide to Reach the Next Level
  • Trading Japan ETF EWJ and Nuclear Power Profitabily 0 comments
    Mar 15, 2011 3:18 AM | about stocks: CCJ, URA, PKN, NLR, NUCL, DNN

    I issued a short sell alert on a uranium stock Cameco (NYSE:CCJ) on Friday March 11,2011 during the market hours when the stock was at $37.85, well before the first explosion at a nuclear plant in Japan as described here

    I follow strict discipline of the ZYX Change Method. Tmethod is right now indicating to stay short on Cameco and short sell other uranium stocks on any significant bounce. Other candidates to short are   Dennison (DNN), and Uranium Resources (URRE). 

    Uranium ETF URA may not experience enough of a bounce to sell short with  low risk.

    At one point, market in Tokyo plunged 14% .  EWJ will open lower. The ZYX Change Method is warning against short selling  Japan or EWJ at this depressed price. At The Arora Report  our computers have monitored every tick of trading in large stocks in Tokoyo. Our algorithms are showing that the smart money is beginning to buy Japanese stocks while weak hands are sellin Japan.

    We will issue a buy signal on EWJ  when all six screens of the ZYX Change method are met.

    We will buy certain nuclear power stocks that spike at least  25% below the fair value as determined by the Quantitative Screen of the ZYX Change Method, while hedging them with short sales on nuclear power stocks that are above fair value.

    ETfs such as Global Nuclear Energy Portfolio (PKN), iShares S&P Global Nuclear Energy Index Fund (NUCL), Market Vectors Nuclear Energy (NLR), Global X Uranium ETF (URA) , and WNA Global Nuclear Energy (NUKE-LSE) are trading above fair value.

    Stocks: CCJ, URA, PKN, NLR, NUCL, DNN
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