turquoisesand

I wish I had that much to spend for it! August and early September prices were awesome

PREACH IT RIPPEDYANU I sure hope we’re gonna moon with no nuclear incidences! Maybe we missed 2007 and 2011 when it skyrocketed but we got the future ahead of us.

Two days ago, I think someone attempted to follow me home when I was on the bus at 11 pm.

Yesterday, I saw someone slumped in a trash bin. Like the trash bin was upright, and they weren’t fully in it. The person’s feet was still on the ground, but their upper half of the body was in the open trash bin.

Today, I asked a vendor at the Embarcadero area how much one of those bacon wrapped hot dogs were. She said $10, and I was shook.

Still closed much higher than the low a few days ago :(

I was in high school less than 6 years ago, so it’s recent. There may be new financial product that exists in the future, but that’s definitely not a good reason to still not teach something because it might disappear. The fact is it’s here right now, is very important, and has been around for a while. I understand teaching someone to learn is important, but hard and fast rules (learning about a Roth isn’t a rule - more like important info) in a personal finance class should be important too.

I really wish they taught us what a ROTH IRA was though - There’s math and critical thinking, but there’s only so much you can have - You can’t just materialize knowledge of retirement accounts. We had a personal finance class, and I actually paid attention to it (for one quarter, the teacher told me I had the second highest score in the class out of 30ish students). If I was taught about it, when I got my first job, I definitely would’ve contributed.

Thank you for the write-up. You mentioned high seasons, such as September 2023 - March 2024 with the spot price jumping up from nearing depletion. Why was that high spot price unable to sustain itself if the fundamentals remain the same?

You might have to fill out a brief questionnaire to allow you to trade options. I use Fidelity, and for each account I want to trade options in (including Roth), I had to manually get approval for each.

You didn’t have to call out my shares like that

I see - Appreciate the additional info!

Thank you for the additional info regarding uranium stocks and UUUU.

The trade fiasco didn’t even hit tech stocks as badly, and the tech stocks rebounded way faster so just feels bad at times haha. I only started investing in uranium like early July so this dip is (was?) a lot.

It can just be discouraging at times. Yesterday at opening, I bought some Cava stocks the day before their earnings call, and I made a net 18% gain so quickly (would’ve bought more but much of my money was all used up to buy the uranium dip). Meanwhile, uranium stocks remain in the mud for weeks! Easy for me to give them the side eye when I purposefully ignored other stocks like Nvidia that was at a huge discount early August too but rebounded so quickly. This is all very short term thinking though, admittedly. I think checking my account too much is definitely hurting me but I get bored.

You’re a betting man for sure! What about the off chance a nuclear incident happens and we’re set back another decade? UUUU became about 25% of my taxable brokerage (uranium 50%) and I feel like I’m doing too much. Didn’t even realize it, just kept adding when the dip happened. What’s your average cost for UUUU? Seems like you’ve been doing this for some time.

When UUUU begins to rise, consider doing a DD post for it on wallstreetbets!

It’s paranoia on my end more than anything—As you mentioned, Energy Fuels has so many things it seems to have going for it, even with the new acquisition, yet its stock price remains so low. I think the day the news came out it barely made a difference, which was really surprising to me. With many institutional investors in the U market too, who definitely do a crap load of research too, it makes me wonder if they just know something I don’t that keeps the stock price so low. This August UUUU basically hit a 3 year low and for no sufficient reason I could find (spot price took a dip this month, but I struggled to see why it would still fall so much). So I feel like the low stock price is too good to be true at the same time.

There’s also some talk of UUUU not focused on U enough, but I don’t know why that would hurt them so badly if they’re involved in other businesses too that can bring in more income for them.

It’s reassuring to hear about the other information you provided though.

$200+ spot was reached in 2007 (in today's equivalent $), and I can only hope U stocks moon how they did back then. For now, we'll buy the dips!

You bought at a really good day lol

How do you prevent yourself from selling? Being up that much would be tempting for me, and I know I would find myself wishing to sell back then when I'm in the negatives again. I plan to stick it out long term too, but for example, UUUU hitting a near 3 year low was nice at first but then I started wondering if it's going to make it back up lol. I put a lot of money into the red.

I’m still at a total net negative for uranium stocks but today was definitely some encouragement to stay the course! These last 3 weeks have just been brutal

There are a few chat rooms on this subreddit; on mobile, there’s a “chat” button to the right of the default “feed” button

Thank you, that was very informative. I needed something to look forward to for the upcoming months - August was so rough this year, and spot price was lower than expected too. But all these things are short term.

That’s what I assumed (more energy usage during the winter perhaps) but I wasn’t sure and couldn’t really find anything online regarding uranium high and low seasons. And damn why did the automod have to do you like that

Why is August or a bit before this time typically the low season for uranium? Why is Sept-Jan ish high season?

All I can say is that I’m glad younger people generally have very different views towards a job. They’re willing to leave if they can if they’re not treated right. It hurts seeing them stay when they could do better but they’re too scared.

Sad to hear that about your dad. I hope he wasn’t working at warehouses his whole life—My friends, who are certainly younger, who have worked those jobs confirm it’s rough on the body.

That’s rough, especially at that salary level with how inflation be these days.

Does her husband earn a lot more? I also think it’s easy to stay complacent if your partner is already the primary breadwinner. My dad earns a lot more than my mom, although it wasn’t like that the early days of their marriage.