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So what: Today's move lower is a carryover from yesterday's concerns of a possible nuclear meltdown in Japan directly related to Friday's earthquake. Traders are questioning the long-term viability of nuclear power and the entire sector including Cameco
Now what: I think it's a bit early to throw in the towel on nuclear energy in general, but it's also probably a bad idea to jump into a raging river. This sector is a mess right now. Uranium spot prices are falling rapidly, and USEC could potentially see demand disruptions directly related to this earthquake. In this case, I'd be more than willing to wait on the sidelines and let this situation play out until we have a clearer picture of where USEC might fall in the role of future nuclear generation.
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