Friday, January 18, 2008
How Brave are you? Paladin Minis
I am still bullish Uranium, there are a lot of reactors being built and not a lot of extra Uranium being dug up. PDN.AX has been getting hammered as has the rest of the Aussie Market. There's potentially a blockbuster trade out there for the brave investor. PDNKZC (listed mini) has a $5.22 stop loss and a $4.96 strike. PDN is trading around 5.35 at the moment, if you get long here and don't get stopped out, you'll be laughing when PDN bounces back above $7. At $7, this mini is about $2, so you'll make 5 times your money with only about 10% if you get stopped out....how brave are you?