We are witnessing a pullback in uranium stocks as prices have gotten way ahead of fundamentals.
We have seen this in uranium before during the last bullmarket. It happens in all cyclical stocks.
I show the example of a uranium stock in the last bullmarket that went from under a dollar to nine dollars in three years. Along the way, the stock had several 50% plus drawdowns.
In a bullmarket you buy the dips. That can only happen if you have conviction in the story.
Conviction comes from having done the work and developing a cogent thesis on the underlying stock. You must do the work.
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