Categories
Shipping Uranium

Uranium and Shipping

Today I wrote some weekly out of the money covered calls on Cameco ($CCJ) as it was having another green day. I chased the bid rather than sitting on the ask, and in hindsight I should have been more patient. Live and learn.

I bought some more Energy Fuels ($UUUU) and Denison Mines ($DNN) with the proceeds of the covered calls.

As with Cameco mentioned above, uranium issues had a great day today. There seems to be some positive momentum with the sector which is a welcome relief to those of us who have suffered through the bear market for awhile.

Shipping issues were also up a bit today, and looking like they are stabilizing somewhat. Hopefully the worst of the coronavirus scare is behind us and China-dependent sectors like shipping and copper amongst others will start to rise again.

Remember, buy the fear, sell the greed, buy the red, sell the green. Have a great night.

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Covered Calls Shipping Silver Uranium

Silver, Uranium, Shipping and the Nuclear Fuel Working Group

Today I bought some more First Majestic Silver ($AG), Alexco Resource Corp ($AXU) and Denison Mines ($DNN) with the proceeds I received from selling out of the money weekly covered calls of First Majestic Silver ($AG) yesterday. They were all in the red and on sale.

Cameco ($CCJ), Energy Fuels ($UUUU) and other Uranium names had a big green day today, perhaps on the back of some new news out of the White House that the Nuclear Fuel Working Group has proposed a 10 year plan to purchase 150M pounds of uranium per year for the next 10 years. I tried fishing with some out of the money covered calls on the Cameco ($CCJ) weekly, but no one bid my ask… such is life.

Shipping also had a good day today and most issues were solidly in the green including Nordic American Tankers ($NAT).

As always, buy the fear, sell the greed… buy the red, sell the green. Have a great night.

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Shipping

And now back to #shipping…

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BioTech Copper Shipping Silver Uranium

#silver #shipping #copper #biotech #uranium

#Silver was in beast mode today – maybe it was #coronavirus, maybe it was the FOMC meeting yesterday, maybe it was just oversold?

#Shipping continues to get pommelled like a boxer in the ring with Mike Tyson – mostly due to #China and #coronavirus… however rates are still above average and companies should report good earnings here shortly

#Copper: pommelled too. #China #coronavirus

#Biotech is rocking for the same reasons above: #China #coronavirus

#Uranium: Nuclear winter.

No buys or sells today. Sat on my hands. Have a great evening.

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BioTech Covered Calls Shipping Uranium

Inovio Pharmaceuticals ($INO) Cameco ($CCJ) Nordic American Tankers ($NAT) and Energy Fuels ($UUUU)

Today I sold some Inovio Pharmaceuticals ($INO) with the stock being temporarily overbought because of the coronavirus scare. Its had an insane run! I still have some Feb 21 covered calls that are now in the money because of the recent run up – we’ll see how those play out as they near expiration on February 21st. I used the proceeds to purchase more Energy Fuels ($UUUU) – a smaller US-based uranium company. I also wrote some out of the money covered calls on Cameco ($CCJ) with a Feb 7th expiration and a $9 strike price. I used the proceeds to purchase more Energy Fuels ($UUUU). Energy Fuels has been absolutely hammered here, and while it may go lower, it feels like capitulation. I sold some out of the money Feb 21 $5 covered calls on Nordic American Tankers ($NAT) and used the proceeds to buy additional shares of Nordic American Tankers ($NAT) to increase my position there. I don’t believe the tanker bull market is finished and tankers seem to be oversold here with the recent coronavirus news and its impact on China. We’ll see what happens there. All eyes will be on the FED tomorrow as they give their statement to the market.

Write/Sell the Green. Buy the Red.

Have a great night.

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Shipping

#Shipping

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Shipping

#Shipping

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Shipping

#Shipping.

This is the ratio of the Nasdaq Composite to Frontline Limited (NYSE:FRO) (blue bar). The red bar is the moving average of this ratio.

Categories
Shipping

$STNG.

https://seekingalpha.com/article/4292835-scorpio-tankers-netflix-good-problems-podcast-trailer