Cameco Jr.

Converted Organics: Greed, Fear and Greater Fools

Good to see all the longers making passionate arguments for this pig in a poke. Dennis Gartman uses CNBC to talk his book and sell into it. He's a shmuck of the first degree. There is no way to value this company using fundamentals until they prove they can do what they say at the margins they claim. Today was arguably a top on that nasty reversal candlestick. All those longers who bought into the story will hang on until the pain gets to be too great and then sell in a fit of capitulation. My downside target is $5 - $6 range. Much more reasonable than the nutter claiming this is a $50 stock. Maybe in 2007, but not in this market.