Yo Pit Crazies,
Uranium is hot.
Frank Gregory and I have been banging the drum on this stuff for several months.
And one of the better uranium stocks just got a little volume boost.
Let’s take a look.
Canada Not Acting Very Canadian
Canada is looking more like a third world dictatorship than a G7 country these days.
While Britain announced the end to all COVID restrictions … Canada declared a state of emergency.
Eh?
Maybe they are looking at different viruses.
Canejo Corp (Ticker: CCJ) is based in Saskatchewan the unrest is weighing on this and other stocks
But I expect CCJ to recover as the green case for uranium comes to the fore.
Note below the MASSIVE call buying the CCJ Sept. 16 35s:
Sometimes events lead to opportunities – “chaos is a ladder,” one Game of Thrones character said – and I hope the Canadian unrest is settled peacefully and that countries start to join the Brits in getting back to normal.
Someone is betting on that happening with a big purchase of out-of-the-money calls for the second half of the year.
Frank and I just closed some successful short put spreads in CCJ and we are looking to reenter this week in Capitol Gains.
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In the meantime, make sure you join Mark tonight as he reveals a strategy he’s held secret for 20 years – but is perfect for this market.
To your Trading Success,
AG