Categories
BioTech Uranium

Cameco ($CCJ), Denison Mines ($DNN), Innovio Pharmaceuticals ($INO)

Today I bought some Cameco ($CCJ) and some Denison Mines ($DNN).

My biotech play Innovio Pharmaceuticals ($INO) was up about 22% today on news that it has discovered a coronavirus vaccine. It will take some time to prove out, but this is certainly great news for the company and I think its gonna bust my covered call this month.

In other news, Energy Fuels ($UUUU) announced today a bought deal for ~$16M at $1.47 / share to finance the ramping up of production at their mines. It will have a red day tomorrow, so maybe its time to buy more.

Buy the red, sell the green… Buy the Fear, Sell the Greed. Have a great night.

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.

Categories
Covered Calls Uranium

Energy Fuels ($UUUU)

Today I tried fishing with some out of the money covered calls on Energy Fuels at the ask. No Bites. It was a red day for $UUUU today anyway. Buy the Fear, Sell the Greed… or Buy the Red, Sell the Green. Have a great night.