nuclear-news

TheBull.com.au

The Bull 27 April 09 By Joshua Terlich | 27.04.2009Stock: Energy Resources of Australia LimitedCode: ERAMarket Cap: $4.0bnRecommendation: None  “……. the debate surrounding the use of nuclear energy has long existed and opponents aren’t in short supply. Negative sentiment towards uranium was seemingly justified when the tragic events of Chernobyl (Ukraine) in 1986 took place. The effects of that disaster are still being felt by the community years later. Leakage of radiation from the reactor has impacted many thousands of people, livestock and agriculture over a large geographical area. In the case of Chernobyl nuclear fall-out reached as far as areas of the United Kingdom. Supposedly poor reactor design at Chernobyl allowed the emission of radioactivity but this has not been repeated. Nevertheless, one accident is too many.…………..Like astrology, palm reading, and tea leaves, charting stock prices is a ‘black art’. It is but one of the trinkets we carry in our tool belt when it comes to making investment decisions. Technical analysis has its uses, but relying on it solely can be dangerous. So while the price charts suggest ERA could be in for a higher move, investors should seek additional evidence. Are the company’s fundamentals strong enough to support the upside which the charts are suggesting? Or is the stock being driven solely by rumours and hot air?

TheBull.com.au

April 27, 2009 - Posted by Christina Macpherson | Uncategorized