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smitsky

smitsky
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  • Why Cheap Oil May Be Here To Stay [View article]
    @GL Investments: I'm sure there would be a significant issue such as you have outlined if the price fell to 35 and then stayed there for any amount of time.

    I'm going by what I'm currently observing in the market: certain indicators are signaling oversold conditions, and the price is consolidating at the ~54-56 level at the moment. Some are calling this a bounce, short covering, and/or a bottom.
    Dec 21, 2014. 05:50 PM | 1 Like Like |Link to Comment
  • Why Cheap Oil May Be Here To Stay [View article]
    @IncomeYield: I've read a few articles on this subject and I think this one comes closest to my opinions.

    http://bit.ly/1rb2DQj

    Also I agree with comments such as this one:

    http://bit.ly/1z9EJlN
    Dec 21, 2014. 03:34 PM | Likes Like |Link to Comment
  • Why Cheap Oil May Be Here To Stay [View article]
    MisterJ,

    Could you elaborate on your call for prices taking another leg down after this bounce? I don't have a good grasp on the fundamentals, but recent price action suggests that a bottom may be forming. A bottom would indicate prices heading back upwards. Thanks in advance.
    Dec 21, 2014. 12:06 PM | 2 Likes Like |Link to Comment
  • $60: Not A Reasonable Price For Oil [View article]
    I was trying to reply to John Gilluly's Post way above, but somehow that didn't work. SA's site has been doing a lot of strange things lately.
    Dec 20, 2014. 10:36 PM | Likes Like |Link to Comment
  • $60: Not A Reasonable Price For Oil [View article]
    Looks like we are seeing the "Mother of all short-squeezes..." This is Saturday.
    Dec 20, 2014. 10:17 PM | Likes Like |Link to Comment
  • Crude oil crash continues [View news story]
    That's right counterpoint123.

    Crude Oil +0.76 at 58.57 at 10:36 PM EST
    Dec 14, 2014. 10:36 PM | 1 Like Like |Link to Comment
  • Historic Turnaround In Uranium Prices And Equities In The Making [View article]
    Isabellajoy, you certainly don't want to get caught in a pump and dump. You want to buy low and sell high (probably at some point) if the price climbs.

    Since you have already made the purchase and if you have time and the wherewithal to wait this out, then the issue and sector may pick up in the near future.

    If you have a long-term horizon of a few years and the fundamentals of the company and the sector remain sound, your investment should do well.
    Dec 2, 2014. 08:46 AM | 1 Like Like |Link to Comment
  • Historic Turnaround In Uranium Prices And Equities In The Making [View article]
    This article from 2010 echos much of what I have already stated, and the concepts are as applicable to this market as they were when the article was penned. I don't imagine Mr. Fouladbakhsh would be interested since it involves technical analysis which to him is trying to time the market by being a psychic:

    http://bit.ly/1txBhzl

    Unfortunately some of the links to charts lead to dead ends because the article was written so long ago.
    Dec 1, 2014. 10:54 PM | Likes Like |Link to Comment
  • Historic Turnaround In Uranium Prices And Equities In The Making [View article]
    Adam Fouladbakhsh, you can disagree all you want. I can also disagree with your assessment that I am being "swayed by emotions" as you state. My opinion of this assessment is that it is based off of your misconception of what I have written. That is understandable. I'm sorry about your misconceptions though. Maybe you're the one who is reacting emotionally to my statements.

    You have made some comments here that confound reason in my opinion as well. Take this one:

    "...this isn't an industry you analyze based on technical analysis or by studying charts."

    What makes this industry immune to this type of analysis?
    Dec 1, 2014. 09:38 PM | Likes Like |Link to Comment
  • Historic Turnaround In Uranium Prices And Equities In The Making [View article]
    ButscherDoug, I would like to respond to your comment to me:

    "Smitsky: I missed the jumping off point as well. Spot price has gone from $28.00 to $40.00. There is a turnaround starting."

    When I was holding URG and jumped on CCJ when it showed signs of breaking out above 26, many commodities "experts" in the Uranium space pointed to the fact that the spot price had not turned around. From your statement (I have not followed the spot price recently, so I will take your word for it) it seems that the spot price clearly has moved upwards. Your opinion is that issues that you are holding such as CCJ, URA, etc. are following this catalyst. My argument is that there has not yet been a follow through to the three day rally of Nov. 7th, 10th, and 11th yet. In fact a few technical indicators were triggered today which are bearish. For these reasons I state that it does not seem that the movement of the spot price from 28 to 40 has had the effect we would hope for - yet.
    Dec 1, 2014. 09:27 PM | Likes Like |Link to Comment
  • Historic Turnaround In Uranium Prices And Equities In The Making [View article]
    Well, if you would like to have a discussion about either technical analysis or fundamental analysis, I would be happy to. I can point to technical analysis as my main point of investment if I see fit, and I don't feel as if you have a right to tell me not to. You think I'm acting as a psychic when I point to well-known aspects of technical analysis? That is your opinion and I respect it. I have been both an investor and a trader for over 30 years. Thank you.
    Dec 1, 2014. 09:13 PM | Likes Like |Link to Comment
  • Historic Turnaround In Uranium Prices And Equities In The Making [View article]
    Your sign and my sign and the general sign will be a rally that initiates an uptrend. I point to a well-known indicator: the 200-day moving Average.

    When I bought URG in Oct. at a price of $1.26 it was above not only it's 200-day moving average but it's 50-day moving average and both were showing upward slopes. Now at a price of $0.85 URG is below both and they are sloping downwards.

    If you know anything about Technical Analysis you know this is quite important. So again, I'm suggesting that traders or investors wait until a true sign of an upturn before making a move.

    If you would like to wait for another 52-week low and try to buy the bottom, that is also a viable trading strategy. I'm not telling you or anyone else that the method I am promulgating is the only method or the "right" method. I have stated that as of now these issues are still in a prolonged downturn. If you disagree, that's your opinion. I have clearly stated mine.
    Dec 1, 2014. 09:06 PM | Likes Like |Link to Comment
  • Historic Turnaround In Uranium Prices And Equities In The Making [View article]
    Here's a link to a similar assessment I made a year ago:

    http://seekingalpha.co...
    Dec 1, 2014. 12:25 AM | Likes Like |Link to Comment
  • Historic Turnaround In Uranium Prices And Equities In The Making [View article]
    ButscherDoug: If you look through my comments here at SA over the year on the Uranium sector, you'll see that I have been tracking the technicals closely.

    Both CCJ and URA for instance, are in prolonged downtrends as evidenced by the fact that both are trading well below their 200-day moving averages. This moving average is now acting as resistance. Take a look at the 1 year chart of URA. After falling below the 200-day in mid April, URA's price struggled to break above this level twice (Aug.-Sept.) before falling well below and making a 52-week low. The bounce you see in Nov. looks to be just that - a bounce it is now backing off from.

    I would continue to use the 200-day as a gauge to any ensuing uptrend. My call is that CCJ breaks out above 26 one day possibly. Until then I would try to profit off its 2 year trading range between 15 and 25 until it breaks above that level if you care to play a bottom-fishing sector.
    Dec 1, 2014. 12:14 AM | Likes Like |Link to Comment
  • Historic Turnaround In Uranium Prices And Equities In The Making [View article]
    In all due respect, I don't feel that I don't have time. I tried the Uranium Sector through a purchase of URG at $1.26 late last year. I not only did not take my profit when the issue rose ~30% to $1.99, but I rode it all the way down to a ~30% loss and sold at $1.09 because I was trying to hold this issue while the sector made a turnaround. The sector has still not turned around.

    I still think the company's (URG) fundamentals are very good. It appears to be a solid company. So yes, if you have the time to buy low and sell high and are able to withstand prices falling further as they may, then by all means go ahead.

    The title of this fine article is that a turnaround is in progress. As I said, judging from the price-action of issues such as CCJ, URG, and FCUUF, this is not the case quite yet...
    Nov 30, 2014. 04:03 PM | Likes Like |Link to Comment
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