Die-hard market participants can't turn around without hearing about URANIUM, uranium shares, the new uranium futures contract, uranium junk mail, email blasts, etc etc....You just gotta wonder if the herd has arrived to the uraniums, similar to the heady days of the internets in late 1999. James Dines would argue "NO," but when you see articles in the NY Times and WSJ, plus get bombarded with emails and junk mail featuring the latest "sizzling hot" uranium miner that is on the precipice of making a 5 or 10x move, you gotta ask yourself when will the party end? Anyway, shares of USU have been smoking since last Fall. USEC is approx a $2billion revenue supplier of enriched uranium fuel for commercial nuclear power plants. It operates the only uranium enrichment plant in the USA - location Paducah, Kentucky. Many think USEC has a neat arrangement as the U.S. executive agent for "Megatons to Megawatts Program," a program designed to recycle 500 metric tonnes of weapons grade uranium taken from dismantled Russian nuclear warheads into low enriched uranium utilized by USEC's customers to generate electricity. Pretty cool, huh? Anyway, the stock has blasted off in the past 6 months, and hit all time highs this week. For those long the shares, the question will be how far and how long do you let it run? Placing stops underneath the price probably makes sense to protect your large gains. Good luck!
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