Don-wys, thanks for chiming in. One thing for sure is that we don't know how accurate the info is out of Japan. You're right about that. Hence, why legging in over a long period of time would help mitigate any further downside for those that want to take on the risk.
Agreed that you don't leg in with the milk money. If one thinks a disaster will be averted, this is an incredible buying opportunity. To this end, an excerpt from today's ZeroHedge article:
"You don’t have to be a rocket scientist to know that these kind of extreme results are far from any realistic scenario. It’s rather investors in a panic mode, dumping everything that has something to do with nuclear energy. You can almost smell the fear in the air.
When the blood is running in the streets, we as contrarians buy, especially our convictions!
Sure, we certainly take into account a period of high volatility in the sector, but a halving of some values in a few days? We are all too happy with these positive set of fundamentals for uranium: those cheap shopping days are back in town"
Regards,
George
