Feb

23

2007

Uranium Movers Moving – Energy Metals (EMU) Gets Cramer Push; Uranerz Energy (URZ) Offers Better Opportunity

In my report on uranium miners on Feb 9th, I mentioned that Energy Metals (EMU) was technically the best play in the field.  Since then, the stock has skyrocketed about 35% in just the last 2 weeks.  To top it off, now Cramer is pushing the stock, indicating it’s highly speculative but a potential buy out by Cameco (CCJ).  To his credit he recommended not paying above $12 for the stock – I agree.  Do not chase this up here!  I would have been tempted to short this at the open this morning (I did not)

How about another technical play mentioned in my previous report – Uranerz (URZ).  This is a stock that just broke out yesterday and is surging quickly.  As I write this, the stock is getting a bit extended.  I’m waiting for some kind of pull back.

Disclaimer: I do not own positions in either stock.