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What: Uranerz Energy
So what: Uranium stocks have traded higher in the past month as investors speculate that U.S. nuclear plants will need to find a new source of uranium. A program to purchase uranium from Russia is ending in 2013, so domestic mining sources like Uranerz appeal to some investors.
Now what: Technical traders and momentum traders have moved into this stock, heavily pushing volume more than three times its normal levels today. I may miss out on a move, but this Fool doesn't have the guts to play a trading game in a company without revenue. I'll sit out until I see some sales and earnings before getting hyped about Uranerz, even if I miss the boat on a trader's dream.
Interested in more info on Uranerz Energy? Add it to your watchlist by clicking here.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.
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