Jim Letourneau's Blog

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More Reasons to Own UEX

When I posted "Reasons to Own UEX" it was trading for a mere $2.78 it powered up to a high of $3.70 after that post. However it has been melting downwards since to a close of $1.63 today (a buck in each direction - good volatility).

The chart looks like crap so we can't use that one anymore but we can add "weakness" to our list of reasons to buy UEX. We are familiar with such sage shibboleths as "buy on weakness" or "accumulate on weakness" and in a bull market it generally pays to do so.. UEX has a nice inventory of projects and they've been busy drilling them this winter. While not a "back up the truck" buy, I'm paying close attention to it for signs of a bottom.

UEX Corp.