The Great Uranium Sell Off of March 2011

[drillfix]

Hi folks,

Not really a great subject atm, however monumental in a lifetime of traders to experience such an event of which due to the extremely sad circumstances which as many know has came from Japan over the past 2 days.

Here are 12 Uranium Stocks both Explorers and Producers which have been impacted by the events in Japan.

Each link shows a daily chart with the past 3 days devaluing each stock accordingly.

Some of these stocks will or can recover faster than others however when and how excactly remains to be seen.

This is a turning point for the sector as a whole and what in future will be done to re-enforce the sector or give the sector a turning point also remains to be seen.

These charts below are for reference only as Huge Losses would have been occured on each stock. There are plenty of U stocks that have been sold off however here is a brief list of 12.

Please add a chart or more codes if you wish and perhaps detail why a rebound could occur if you believe so.


ACB 15/03/2011 >>> http://www.imageurlhost.com/images/2mdsw8wko9c2zlur028.png

BMN 15/03/2011 >>> http://www.imageurlhost.com/images/73kgdn0r8564z1k1amt5.png

ERA 15/03/2011 >>> http://www.imageurlhost.com/images/pxxwlx64v5kljklsjae.png

DYL 15/03/2011 >>> http://www.imageurlhost.com/images/1xai3mvehr38k1sgh5l.png

EXT 15/03/2011 >>> http://www.imageurlhost.com/images/3f2q64bdaktx4zh5s.png

PEN 15/03/2011 >>> http://www.imageurlhost.com/images/12rrn05bhh29zqlom030.png

NTU 15/03/2011 >>> http://www.imageurlhost.com/images/7znscfc8v9684s4msd1l.png

PDN 15/03/2011 >>> http://www.imageurlhost.com/images/bat09hw8ivoorqzjmev7.png

SHE 15/03/2011 >>> http://www.imageurlhost.com/images/c8lkb63xsdcdbymgq2p.png

TOE 15/03/2011 >>> http://www.imageurlhost.com/images/v9zndoj92fdsu2ighqs.png

UNX 15/03/2011 >>> http://www.imageurlhost.com/images/b0l9x91poaeaha582u86.png

UTO 15/03/2011 >>> http://www.imageurlhost.com/images/wy70cgyqbawoj6i05qz.png


May strength eventually come back to the sector, but more importantly, may the events and people over there in Japan survive the best way they can under the circumstances which have been presented. Our thoughts and blessings are with you all.

[drillfix]

Some excellent bounce trades happening today on the ASX with some other previous charted stocks.

Wont mention them now, nor would I recommend a buy and hold, but if you were to grab the bounce and sell then sure, good luck to ya :)

[JBmurc]

Germany to shut down pre-1980 nuclear plants

BERLIN (Reuters) - Germany will shut down all seven of its nuclear power plants that began operating before 1980 at least till June, the government said on Tuesday, leaving open whether they will ever start up again after Japan's crisis.

Chancellor Angela Merkel announced the closures, which will leave only 10 nuclear stations still generating, under a nuclear policy moratorium imposed as Japan faced a potential catastrophe at its earthquake-crippled Fukushima complex.

"Power plants that went into operation before the end of 1980 will ... be shut down for the period of the moratorium," Merkel told a news conference, adding that the decision would be carried out by government decree as no agreement with the plants' operators had been reached.

Environment Minister Norbert Roettgen said it was not clear if the reactors to be shut down in the three-month moratorium would remain closed or be reconnected to the grid afterwards.

Merkel astonished German politicians on Monday by suspending an unpopular coalition decision taken only last autumn, under which the life of Germany's 17 nuclear power plants would be extended by years.

She drew accusations on Tuesday of transparent trickery for the move, with the opposition and media saying she was trying to avoid a regional election disaster later this month.

PANIC AND PARTY POLITICS

The seven ageing plants account for about a third of Germany's nuclear capacity. However, one of them has been offline since an accident in 2007, and another shut down last month for maintenance.

Business leaders urged caution when making major decisions on nuclear plants, which in total supply about a quarter of all electricity needed to power Europe's biggest economy. "Panic and party politics make bad advisers," said Hans Heinrich Driftmann, who heads the German Chamber of Industry and Trade.

The government said reliable power supplies were assured, but German electricity prices hit their highest level since October 2009 after Merkel's announcement. [nLDE72E1AA]

Merkel said consequences of the Japanese crisis had to be dealt with at an international level.

"Yesterday I agreed with the French President Nicolas Sarkozy that Germany and France ... would put forward an initiative to put safety of nuclear plants onto the international agenda within the framework of the G20," she said.

Last year the government had decided to keep the nuclear plants -- operated by E.ON, RWE, EnBW and Vattenfall -- running for about 12 years beyond their original shutdown date, despite protests even before the earthquake and tsunami hit Japan on Friday.

Shares of E.ON and RWE were down 5 percent and 5.2 percent, after falls of 5.3 and 4.8 percent respectively on Monday due to limited prospects for nuclear power in the EU. [ID:nLDE72E0BM]

http://au.news.yahoo.com/a/-/world/9016817/germany-to-shut-down-pre-1980-nuclear-plants/

[drillfix]

Interesting article there JB.

As it is said, everything is easy to see in hind sight.

I cant see the simple answer of lets pollute the world to death also being part of the answer.

One would think with the know how, the technology, the money some corporations have, that they would actually build or design something way smarter than your Average Clever Yogi Bear.