The Power of Uranium Wows Wall Street
Source: nysun.com (4/16/07)
It's an impossible dream come true, like running a three-minute mile or hitting eight home runs in a single baseball game — recommending a group of stocks and seeing them rise an average 100%- plus during the next six months.
This dazzling achievement, part of the uranium boom, is the work of commodities expert Sean Brodrick, who last October recommended seven uranium investments — six stocks and one Canadian uranium fund. Since then, the seven have shot up between 30.6% and 156.8%, with the average increase an incredible 106.9%.
Chief reason for the runup: the surging price of uranium, up more than fivefold the last two years and 19% in the past week alone.
Citing a worsening supply squeeze and a phenomenal increase in demand, Mr. Brodrick, a uranium bull who plies his trade at the Safe Money Report investment newsletter in Jupiter, Fla., contends the rise in the price of the metal and uranium stocks is far from over, that "both have nowhere to go but a lot higher."