Are you panic selling or anxious buying?

[dgodsell]

Pulled the trigger on 30 contracts of 221 day options on a Canadian Uranium stock.

[Efx]

Just riding out the storm. Wish i had more free cash right about now.

[gwu]

Any insightful advice for a regretful HXD holder?

[Jon Lai]

UUU pulled back up 5% from this morning's drop. Good news?

[dgodsell]

UUU pulled back up 5% from this morning's drop. Good news?

Very good news for me.

[corrupt123]

UUU pulled back up 5% from this morning's drop. Good news?

Probably a lot of people expecting things to return to normal in the coming weeks/months, so they're buying up while it's low.

Realistically, I don't think this single event will mean the end of uranium demand worldwide... As a result of that, I think there is no reason not to buy.

But I'm no expert

[dcyeung]

UUU pulled back up 5% from this morning's drop. Good news?

I guess but I'm still down 35%

[canadiantofu]

No.. I am Panic buying instead! Trying to figure out how many more bear rides there are before I need to switch out.

[Jon Lai]

Very good news for me.

Just bought today? What price?

I guess but I'm still down 35%

Haha. I'm down 10% since I bought yesterday. I always act too soon
Now, I wouldn't mind a quick dip tomorrow morning, just enough time for me to put in my order, then spike back up immediately

Probably a lot of people expecting things to return to normal in the coming weeks/months, so they're buying up while it's low.

Realistically, I don't think this single event will mean the end of uranium demand worldwide... As a result of that, I think there is no reason not to buy.

But I'm no expert

That's my mentality as well, but regardless it's still high risk and I can't predict if the market players have the same mentality as well. I did buy a couple hundred just to test my luck, but, we'll see how things go :P

[Mark77]

Kevin O'Leary is a douche that got lucky selling his crappy software in the height of dot com bubble. This guy has no clue. I watched him a lot on BNN with Amanda Lang during 2008 crisis and he was just spewing nonsense. 2 years later he was wrong about everything.

+1

[Crinkle_cut]

I just got UUU at 3.84

[Jon Lai]

I just got UUU at 3.84

What happened to "it'll drop another 20% tomorrow"? :P

[Crinkle_cut]

What happened to "it'll drop another 20% tomorrow"? :P

I never said it will drop another 20% tommorrow, I said it will drop another 20% over an undisclosed period, hahaha.
But I'm playing the momentum. Hoping for a correction.

But if not, and it goes to $3, I'll hold it. I did the same with Manulife when it dropped from $18 to $14. I bought it at $14, and it continued to slide all the way to $11-12. Then I sold it 6 months later for $17.

I guess I'm just willing to wait out any further declines, etc.

[KevC]

I try not to time the market, too damn stressful. I'll liquidate if I need, but not what I feel about the market.

[xlfe]

last 45 minutes and looks like commods are gearing up to make a move