| jasonturbo | 02-24-2012 06:09 PM |
Well, I would have to assume this was a good week for most!
Shame it's not October anymore, there was so many bargains to be had! It really looks to me as though 2012 is going to be a very good year for equities, I think it's gotten to the point that any intervention required to prevent major default of Greece or the other high risk countries will take place as required.
For me, I'm a commodity kinda guy, and I see long oil, long uranium, long pot in 2012.
Gold I have mixed feelings, but I have to believe that the current price of gold is the new "norm", I'm not a fan of Gold but when you go back 50 years and compare the price of gold to inflation and the price of other commodities, it's not such a farfetched idea that gold can stay at these prices with relative ease.
Unless you get very lucky, I think it's going to be hard to find those "low-med" risk with potentially high return equities. I'm sticking to my guns with YNG, and if CLL gets bought out in a timely fashion I will likely be putting some of those funds towards increasing my position on YNG.
With Uranium, URRE can be a great stock if you get in below .90 as it constantly cycles between .80-1.20, so if daytraing is your deal you can play it like that, I wouldn't take a long position in the stock until they are either back in, or close to being in production once again. The risks of trying to jump into URRE at the right time is that Cameco may likley make an attempt to buy URRE before they get back into production.. IMO anyway. There is a huge potential upside to URRE... look at the history.
I'm a big fan of domestic production, political instability in some of these emerging nations freaks me out.. UUU for instance I tend to shy away from due to the potential for political issues.
I usually only focus on 10-15 companies at any given time, any more diversity than this and I feel it's hard to really stay on top of them lol...
Natural Gas is going to go back up one day, once we see NG start to creep up I will be taking a position in DVN (Devon Energy), TLM (Talisman), BNP (Bonavista), or possibly BIR (Birchcliff Energy) as these companies become extremely profitable very quickly with an increase in the price of NG .. but that could be 1-5 years down the road. ( I would think maybe 18 months before NG starts to come back up,.. slowly)
Just to say one more thing, I think the oilsands companies will see great financials this year because of the price of NG, whether it's strip mining and froth seperation, or SAGD, both of these extraction methods burn an insane amount of gas!!!!!! So when the gas bill gets cut in half, it makes a hugh impact on the bottom line.
Well there are some ramblings for the week... | 