Sellers hit the Uranium sector yesterday with weakness across the board to varying degrees. This sector has now become the focus for many short term traders and higher volatility due to hot money should now be expected – which creates opportunity. When we sold PDN in the Emerging Companies Portfolio at 95c we always had the intention of repurchasing below 80c. We got that opportunity yesterday and added it back into the Emerging Companies portfolio at 77c.
MM is bullish PDN
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