Sunday, September 30, 2007

Do What The Hell I Tell You-Guide To Portfolio Building

The First Step In Portfolio Building

Greetings everyone and welcome to the most complete business program on radio. Thats how I begin every program as I attempt to provide education to the masses. Hosting a radio program that discusses income tax, estate tax planning, and a whole host of other financial issues, is a definite challenge. Trying to be entertaining and holding the attention of a public that desires a get rich quick strategy that will bring fame and fortune with little effort or knowledge proves to be a never-ending challenge. The truth of the matter is, building a portfolio requires understanding of at least some basic principals and it requires discipline as well as diligence. With a world of financial products and strategies being marched in front of our faces every minute of every day, it becomes necessary to decide which products will best suit a given set of financial goals. This of course assumes that there are goals established in the first place. I would like to make one serious warning at his time before we get started. Those offering a variety of products and strategies for investing are not all knowing and do not always have the best interest of their patrons at heart.

Lets begin by introducing the two fundamental elements of building any portfolio. These fundamental elements are really a basic strategy broken down into two parts: inside of a retirement plan and outside of a retirement plan. That really all there is to it in the big scheme of things. Understanding the nature of each strategy and the investments that should be under the umbrella of each is really the true foundation of the entire portfolio building process. When we are thinking of an inside the retirement plan strategy, we are considering investments that should be a little safer in nature and we should be realizing that any income generated by this strategy is protected from income tax by its very nature. This means that capital gains, interest income, dividend income, and the like are all exempt from income tax by nature of being inside a qualified retirement plan. This promotes a balanced approach in building a retirement portfolio in the sense of having income producing investments along with growth-oriented investments made up of small and large cap stocks (1). On the outside of the retirement plan (or taxable accounts), we form a different strategy for handling our investments.

Here, it makes sense for us to have in our portfolios tax-exempt bonds (typically municipal bonds), along with growth-oriented securities made up of a mixture of small and large cap companies. It is important to point out here that it makes more sense to sell and take gains off of the table more frequently on the retirement side of the portfolio as gains will escape income tax consequences. Conversely, it makes sense to hold positions for a longer period outside of the retirement plan side of our portfolio in order to take advantage of long-term capital gain rates and reduced taxes on dividends received (2). I hope that you are getting the picture of the point I am trying to make. If not, please re-read the above information and feel free to contact me for help (3).

The college tuition funding vehicles, or 529 plans, are important mentions in this first step toward portfolio building. As we have been told, the 529 plan is a tax-exempt trust or vehicle for our investments as long as we use the funds for the educating of our children. The claim that I will make to you here is that the 529 plan will be duplicating the same investment strategy that is maintained in the retirement part of ones portfolio. My belief is that the average American cant afford to duplicate investment strategies. Why not build a portfolio outside of the retirement plan with the thought that help can be given to a child on an as need basis. If the child gets a scholarship or is able to obtain a loan, there will be no need for the plan in the first place and we are able to move on with our investments intact. There are other ways to provide for the education of our children and I would recommend the reading of my article Educating Your Children (4). In addition, I will submit to you that it is possible to sell part of our taxable portfolio with limited or no income tax consequences. Please read my article on Capital Gains and Losses (5). We can accomplish the goals of a 529 plan without being subject to duplicating investment strategies.

The final discussion for this first step in portfolio building should include the following points. Believe it or not, there can be too much money built-up in qualified retirement plans and traditional IRAs. Funds that are in qualified retirement plans and traditional IRAs are ordinary income and will be taxed at ordinary rates upon taking retirement distributions. In addition, these retirement funds are what as know as income in respect of a decedent (IRD). This is an estate planning term that essentially means that there will two tiers of tax to pay by heirs upon inheriting a qualified plan or traditional IRA. They will be subject to estate taxes and income taxes as the qualified plan or traditional IRA must be distributed over time to beneficiaries. Careful planning from the beginning can prevent or lesson the affects of IRD such as contributing to Roth IRAs or making sure that IRD has at least one tier of tax removed from the equation. This is done by making certain that IRD income does not exceed the estate tax exemption of $2,000,000 and that the estate in general is not over this limit. In addition, the beneficiaries can take distributions over their life expectancies and can even pass the IRA ownership to another generation thus lowering exposure to income tax.

The alpha rim will end our discussion of the first step in portfolio building. What is the alpha rim? It is a group of investments that have no relationship to investments associated with the stock market. Two classic examples would include real estate and commodities trading. Where should these investments be in our portfolios? I like real estate on the outside. This is because it has limited exposure to income taxes and the growth potential is already tax deferred until the property is sold. When it is sold, it will likely be subject to long-term capital gains rates and any losses from real estate can be used to help build a tax efficient portfolio on the outside of the retirement plan side of the ledger. See my article on real estate transactions (6). Those who want their real estate owned by their IRA accounts should be careful as they could be converting long-term capital gain property into ordinary income property. In addition, they could be subject to the application of unrelated business taxes or UBT causing their real estate transaction to be subject to much higher tax rates.

The commodities might be better served inside the retirement plan but should be done on a limited basis due to risk factors. If the commodities are done through a fund their will be more chance for success. Commodities trading usually carry with it a mark to market accounting method that will create gains and losses with out selling positions. This is why it might be best positioned on the retirement plan side of the portfolio. Typically, the alpha rim should not be more than 20% of the total portfolio and its characteristics should be examined to determine whether it belongs inside the retirement plan or outside.

Please take whatever time you need to understand what has been told to you through this article. It is very important that you understand this most basic concept. Stay tuned for information regarding portfolio building including a discussion regarding time horizons and how this will impact asset allocation over time.

1.Small cap stocks are companies with market capitalization of $500 million or less. They are less well established and are more volatile in nature but provide a larger potential for growth. Large cap stocks are companies with market capitalization exceeding $500 million and are more established and normally volatile by nature.
2.Long-term capital gains and qualified dividends are taxed at a maximum of 15% as tax law stands today. It is possible that the rates could be a low as 5% if a given taxpayer is in a 10% to 15% marginal income tax bracket.

Ron Piner, CPA
Tune in Saturday mornings at 10
To WBIS am 1190

The MWIB Series
My Way Is Better
Ron Piner, CPA
Better Business
Saturday mornings at 10
WBIS am 1190

Day Trading Futures Contracts - How To Win

The successful futures day trader knows that trading is a form of betting. It is a numbers game based on probabilities. The traders task is to adopt a strategy with favourable odds and execute the strategy as perfectly as possible.

To be successful, the trader identifies one or more setups which signal high expectancy trades. The setups are most often related to some kind of chart pattern, or a signal given by one or more technical indicators. I look at some ideas for setups in other articles. For now it is sufficient to understand that a setup should be measurable. It is a clear, unambiguous signal to enter a trade, and each trade should be managed in exactly the same way so that the results of the trade can be accurately determined in a theoretical test situation.

The expectancy of a trade cannot be estimated without testing the strategy. You test by either trying out the strategy on historical data (back-testing), or paper trading the strategy for a period of time. In either case you are unlikely to get a decent estimate unless the sample includes a minimum of 20 trades, preferably more.

You should observe the results for the trades in your test sample and calculate the Probability of Winning - P(W), the Probability of Losing - P(L), the Average Win in dollars - A(W), and the Average Loss in dollars - A(L). Use the following formula to estimate the Expectancy for your strategy:

E = P(W) x A(W) - P(L) x A(L)

For example, you test 50 trades resulting in 30 wins (60%) and 20 losses (40%), with an average win of $300 and average loss of $200.

E = (60% x 300) - (40% x 200) = 180 - 80 = $100

This means that in the long run you expect to make $100 per trade using this strategy.

Many people examine historical data to determine a good trading strategy. After this, you cannot use the same data to estimate Expectancy, because the strategy is optimised for this particular set of data. To estimate Expectancy, back-test data from a different period or run an independent paper trading trial. Ignoring this principle results in curve fitting and you delude yourself into thinking your strategy is better than it really is.

No strategy can be profitable unless it has a positive expectation, but higher expectation does not necessarily lead to higher profit. You must also consider the opportunities to trade generated by your strategy. A strategy averaging 10 trades per day with an Expectancy of $50/trade is better than a strategy providing 2 trades per year with an Expectancy of $1,000/trade.

You can see from the formula that Expectancy is a function of both the Probability of Winning and the Average Win to Average Loss ratio. If you only win 1 in 4 trades, but the average win is $400 versus an average loss of $80.

E = (1/4 x 400) - (3/4 x 80) = 100 - 60 = 40

This is a situation where a strategy with a low probability of winning has a positive Expectancy because wins are much bigger than losses. In contrast, suppose you win 8 out of 10 trades with an average win of $80 and an average loss of $300:

E = (0.8 x 80) - (0.2 x 300) = 56 - 60 = -4

This strategy wins much more often than it loses, but has a negative Expectancy because losses are substantially bigger than wins.

There is no right answer for the balance of these parameters, other than that the Expectancy for your trading strategy must be positive. Often, improving your average win to average loss ratio will decrease the probability of winning, and vice-versa.

However, for a small trader there is an advantage in gaining positive Expectancy by having a high probability of winning. Sticking to a strategy that generates a lot of winners is less strain on the trader!

A positive Expectancy is no guarantee against a run of losses. Indeed, with most strategies it is almost certain that there will be significant strings of losses at some time. However, a positive Expectancy should lead to profits in the long run, providing the trader uses proper money management and can survive losing sequences.

In summary, the trader needs to specify clearly defined strategies which can be traded in a mechanical manner whenever their setup occurs. The strategy should be tested (avoiding the trap of curve fitting) to ensure that it has a positive Expectancy. Thereafter, the trader should execute the strategy at every possible opportunity.

That is how to win.

David Bennett trades US commodity futures from his home on the Gold Coast in Australia. He provides coaching and mentoring services for people wanting to start trading for themselves. Visit to read more futures trading articles.

Forex Trading Tool - Which Calendar?

A calendar of economic reports is an indispensable Forex trading tool!

Experienced traders begin preparation for each trading session by consulting an economic calendar so they can avoid trading at times when the market is likely to be volatile and unpredictable.

At the same time, if an intra-day trade is in progress with a potentially volatile economic report soon to be announced, a decision can be made as to whether to take the trade out, or at least move the stop to protect profits or minimize losses.

Seeing this is such an important Forex trading tool, it pays to look around and select the best from the free resources available online.

Listed below are three good calendars you may wish to add to your Forex trading tool collection. (For links to each of these calendars go to the resource box at the end of this article and click on the link for free resources.)


The FXCM web site has an associated web site called which provides a comprehensive daily calendar of fundamental announcements which can either be viewed online or downloaded as a PDF file.

Economic reports likely to have a major impact on the market are displayed in bold to make them stand out.

This downloadable report is useful if you wish to print out the daily calendar and have it on your desk or displayed beside your computer.


This web site is very popular with thousands of visitors to the Forums each day. However, in my opinion, the best Forex trading tool it offers is the calendar.

You can customize the time to your own time zone so the calendar displays in local time when the fundamental announcements will be made. This is a great help in avoiding confusion from having to add or subtract from GMT or having to take into account daylight saving time.

The main benefit of this calendar is the color coding feature. Economic reports likely to have a major impact on the market are shown in red, medium impact reports in orange, and minor impact reports in yellow.

At a glance you can identify the times during the day when you need to exercise caution.


The paid subscription version of the Econoday calendar is an essential Forex trading tool for many professional Forex traders and fund managers.

For the average day trader the free version available from Barrons will no doubt suffice. One very helpful feature of this web site is the link to why the economic report matters. A detailed explanation is given on all the major economic reports as to why the market cares and the effect it can have.

Economic Reports - Market Movers

Not all economic reports are market movers. However, there are about 15 economic reports that have a medium to high impact on the US Dollar and up to 10 or 11 economic reports that have a medium to high impact on the British Pound, Euro, Swiss Franc, Australian Dollar and Canadian Dollar.

Navigating your way through a trading day without using a calendar would be like attempting to cross a minefield without a mine detector!

Be sure you take advantage of this major Forex trading tool - the economic report calendar. Use the online resources available for free and make them part of your daily Forex trading session preparation routine.

For a free pivot point calculator, Fibonacci calculator and the best free economic calendars click here:

For a free candle & chart pattern recognition reference tool click here:

The powerful 200 EMA strategy - easy for newer traders:

Turtles Trading System Really Works If You Have The Courage!

In Mid 1983 the Famous speculator Richard Dennis argues with his buddy Bill Eckhardt about whether great traders can be trained, or whether it is an innate ability. To settle the argument of nature versus nurture, they decided to teach 13 beginners to trade, and if they can master the rules, fund them with trading accounts. These beginners are known as the 'Turtles'. Over the next four years, the Turtles earned a collective compound rate of return of over 80%. Argument settled and Turtles trading system started.

'N', the 20 day exponential moving average of the ATR, is used by turtles. It is used under the name'Volatility normalisation'. It is nothing but stating an hypotheses that smaller the trade, every instrument will carry the same monetary risk in times of volatility.

Turtles had 'notional' sized accounts - although an account might notionally start the year at $1,000,000, in the case of a loss of 10%, the size of this account would be reduced by 20%. In other words the trader would have to trade as if he only had $800K, not $900, until such time as the account had got back to the starting figure.

Turtles entered trades based on two different systems,one being a 20 day breakout system, and one a 55 day breakout system. To use the first system, if the market traded during the day or opened thru the 20 day high or low, that would be a signal to enter.One Unit would be bought/sold to initiate the position.If the previous signal would have resulted in a successful trade, this signal would be ignored, in an attempt to avoid 'whipsawing'.

The Turtles trading system would add a single Unit for every 1/2'N' advance once in position. This would be incremented up to the maximum permitted number of units. That is; 4 in a single instrument, 6 in 'Closely Correlated' markets (such as oil and crude), 10 units in 'Loosely Correlated markets and 12 units overall in one direction - CONSISTENCY being the prime directive in all of this. Since most of the trades failed, it was very important to be in ALL of them, otherwise you would miss those few winners which made a huge profit!

Though it requires iron willpower to follow the rules, and not mere try and bend the mechanics of the strategy, the Turtle trading system undoubtedly works. Most people are mentally not equipped to deal with constant losses, though they are handsomely offset by the occasional huge winner.

The source of the turtles trading system is a disagreement between Richard Dennis and Bill Eckhardt. Dennis's theory that people could be taught to trade won out, and this system was born. The system is based on the volatility of trades and risk management. There are also 20 day breakout and 50 day breakout systems. The number of days refers to the high or low over that number of days, and signals a time to trade. The goal of this system is to win consistently. By following the Turtles system exactly, one is almost assured to win.

A Financial Analysis Of ValueClick Inc

Advertising is a large industry found in the equity Service sector with market-cap giants such as Yahoo! and Omnicom. These companies, through the advances of new technology continuously poor money into capital expenditures to gain market share against industry competitors. As advertising will continue to be a profitable service, even mid-cap companies like Catalina, R H Donnelley and aQuantive will generate business among other industries to market a variety of goods and services. While the aforementioned companies each have respective strengths and weaknesses, one mid-size company, ValueClick (VCLK), not only constructs and carries on a tremendous business model, but engenders financial figures, transcending into capital gains for investor portfolios.

Before trying to analyze these fundamental figures, it is vital to understand what ValueClick's business model encompasses. According to Reuters, ValueClick "is an online marketing services company, selling targeted and measurable online advertising campaigns and programs for advertisers and advertising agency customers, generating qualified customer leads, online sales and increased brand recognition on their behalf with large numbers of online consumers." Separating its business into four distinct segments, Media, Affiliate Media, Comparison Shopping, and Technology, the company has tremendous control on advertising across the Internet, reaching nearly "132 million Internet users in the United States in December 2006."

Because Internet users are continuously expanding and because ValueClick is entering the global market, shown by its recent purchase of a European consumer-informative database,, there will be tremendous opportunity for further growth as more consumers spend more time on the Internet everyday. In addition, during times of economic growth, when more merchants can afford more advertising, using a cost-per-click method at such a large scale will continue to provide ValueClick with a steady stream of sales and profit.

Some investors may question the effectiveness of utilizing only online advertising. However, with the use of e-mail, consumer-provided information, and general viewing, there is a vast array of websites to reach all demographics. And since ValueClick controls its entire business, including providing technology to merchants, this company has a quite a conglomerate in Internet advertising. Moreover, because ValueClick can reach so many consumers and provides business for so many companies willing to advertise, there is no reason to doubt the growth the company has seen relative to its share price. Up 13% in 2007 and up 25% in 2006, ValueClick has not seen a negative calendar year since the recession-driven year of 2001. And as long as new consumers continue to begin using the Internet and as long as old consumers will spend even more time on the Internet, ValueClick will be able to provide merchants with copious information and egregious advertisements, picking up abundant amounts of revenue.

As the above business plan looks excellent for an investor to be situated in, other companies in this industry, such as Yahoo!, have similar methods of obtaining sales. Nevertheless, what separates ValueClick from these industry competitors is its recent and predicted fundamental growth. According to Reuters, last year ValueClick saw $545 million in revenue. Compared to similar capitalization industry competitors such as Catalina, R H Donnelley and aQuantive, this number is reasonable. However, what the real separation is between ValueClick and the aforementioned companies is its margins. For the past trailing twelve months, ValueClick saw gross margins rise from its five year average of 69.23% to 69.98% and also saw its operating margins grow from its respective five year average of 17.07% to 19.68%.

Comparing these numbers to the industry, not only does ValueClick have higher numbers over the past year, but this company has also seen margins grow in twelve months when the industry's last-year gross margins of 49.72% were below the five year average of 50.33%. Competitor R H Donnelley saw a similar drop in terms of operating margins of 32.29% last year from 35.60% as its five year average. And another rival, aQuantive, which has lower yearly revenue than ValueClick saw gross margins (40.11%) and operating margins (17.99%) below that of ValueClick. Therefore, there is a lot of growth for this company when compared to rivals, and the company should continue to prosper, given its business plan.

Moreover, what is also enticing about ValueClick is its sales and EPS growth in the past yeartwo of the bigger indicators when looking at purchasing stocks. Growth at 58.23% for revenue is nearly 2.5 times higher than the trailing revenue growth of 21.43% of the industry, and EPS growth of 60.16% in the past year is also 1100% greater than the respective industry average. Only R H Donnelley was the market-cap industry competitor that saw higher numbers for the respective time frame. Nevertheless, what also makes ValueClick stand out is its capital spending five year growth number of 39.85%a number higher than the industry average 31.80% and also higher than competitor Catalina. While technology related companies like ValueClick typically spend quite a bit on CAPX, spending more on capital now will allow companies like ValueClick to have more cash later to help with stock buybacks or initiate a dividend plan to please investors. Nevertheless, even with high current capital spending, both operating and free cash flow remain positive and have been growing quite substantially over the past two fiscal years.

While growth is very important for any company when deciding to purchase stock, valuation is also another key metric used to see the potential of share price appreciation for that equity in the future. Using the most common metric of forward P/E ratio, ValueClick's 2007 estimate at 34.02, according to Reuters, is below the trailing multiple of the industry at 45.32. Since ValueClick has met or exceeded EPS and revenue expectations the past five quarters, there is potential for an even lower figure. Comparing this number to industry competitors, R H Donnelley only has an estimate of 45.45 and aQuantive is looking at a forward multiple near 85.38statistics which make ValueClick look reasonably undervalued.

In addition, with strong sales figures, ValueClick is also looking at a price to sales ratio of 4.18 which is also below aQuantive's 9.50 estimate. Probably the most reassuring figure to examine however is ValueClick's PEG five year growth expected multiple of 1.65. Looking at the three aforementioned companies and the respective PEG figure (R H Donnelley: 4.47, aQuantive: 3.44 and Catalina: 1.75), there is strong evidence that ValueClick is not only a growing company, but is undervalued in its industry, especially among its market-cap rivals. This figure confirms the benefits of owning shares of ValueClick in both the long and short term.

In addition, other financial figures factor into the decision of ValueClick's overweight status. CEO James R. Zarley and his 853 employees have performed marvelously over the past year as ROA (9.10%), ROI (10.09%), and ROE (10.93%) are not only all above the company's five year average, but are all above the industry's averages as well. Not to mention these numbers are also greater than both R H Donnelley's and aQuantive's. In addition, the company is very solvent with a most recent quarter current ratio of 4.47 and no debt to worry about either. Receivable (6.67), Inventory (64.35), and Asset Turnover (0.75), underrated but important efficiency indicators, are all high respective to the industry, and other valuation multiples such as price to book (4.10) and price to free cash flow (20.30) remain low as well.

Overall, ValueClick has the business model and fundamental support to be a great purchase for any investor. Technical analysis also seems to support purchasing shares of ValueClick as well. Scholastic (22%) and RSI figures (37) point to an undersold stock, as the parabolic SAR, above the current share price, indicates a good time to purchase shares as well. While the economy may be a bit uncertain with the given information in the past couple of months, there are still great opportunities to make capital gains in the equity markets, and ValueClick has the potential to do just that.

Dennis Biray presents advice on all kinds of topics ranging from finance and investing to fitness to sports. For more information email him at or to view other articles written by him visit

Option Stock Trading

A highly successful financial product nowadays, stock options offer the investor flexibility, diversification and control to protect his/her stock portfolio or generate more investment income. Options are advantageous because they can be used under almost every market condition and for almost every investment objective. Options also help the investor to purchase stock at a lower price and to benefit from a stock prices rise or fall without owing the stock or selling it outright.

As options have a unique risk/reward structure, they can be used in combination with other option contracts and/or other financial tools to seek profits or protection.

Using stock options, investors can fix the price for a specific period of time, at which an investor can buy or dispose of 100 shares of stock for a premium that is only a percentage of what one would pay to own the stock outright. This helps investors to leverage their investment power while increasing their potential reward from a stock's price fluctuations.

As far as stock options are concerned, there are only limited risks for buyers. In no way can an option buyer lose more than the price of the option, the premium. With the right to purchase or sell the underlying security at a specific price expiring on a given date, the option will expire worthless if the conditions for profitable exercise or sale of the contract are not met by the expiry date.

Even as options offer many investment benefits, they are not meant for everyone. Just as ones returns can be large, so too can the losses leverage. Moreover, the means for realizing the potential for financial success in option trading may be difficult to create or identify. A large amount of information must be processed before an informed trading decision can be arrived at. Option trading is more complicated than stock trading because traders must choose from many variables besides the direction they believe the market will move. Careful consideration and sound money management techniques are a must for successful option trading.

Stock Trading provides detailed information on Stock Trading, Online Stock Trading, Option Stock Trading, Stock Trading Systems and more. Stock Trading is affiliated with Swing Stock Trading.

Futures and Future Index Stock Trading Information

The one thing that a person looking to get into this business will not lack is a choice of where to start. A person might even go so far as attempting sports trading if they were so inclined. It is ultimately this variety of choice that keeps people coming back to the markets time and again in an attempt to succeed.

While this kind of enthusiasm in trading is definitely good to have, it is also good to maintain a healthy amount of skepticism. For every person that is able to make a very good living from trading some kind of commodity, there are many others who get into trading and eventually fail. To be in the successful minority, you need to have some understanding of how trading works before you take the plunge and start dealing. By the time you get to the end of this article you will learn about futures trading, stock indexes and future index stock trading.

Futures Trading

One particular type of trading that has become really popular of late is futures trading. This type of trading does not actually involve any kind of physical stocks, bonds, currencies or anything of that nature, but rather involves the state of a proposition at a certain date and time. The date and time in question are referred to as the expiration date and the expiration time. A contract is then drawn stating whether or not the specific proposition will be over or under a certain value by the time the expiration date rolls around. An example of this would be the price of crude oil on January 28, 2007. Contracts circulate with different price predictions and as the price changes and the date gets closer to the actual date, the value of each contract goes up or down.

This is a very challenging type of trading to get involved in. However, for people that are good at predicting short-term fluctuations, it can end up being much more lucrative than just straight stock trading. Examples of futures trading include future stock trading, future index stock trading and future forex trading.

Stock Indexes

Another type of trading that is growing in popularity nowadays, is the trading of futures in stock indexes. Before you can understand exactly what this type of trading involves, you need to understand what a stock index is. Stock indexes are basically groups of stocks that are all related in some way to each other. The strength of the stock index is based on the combined strength of all of the different stocks that make up the stock index. The DOW, for example, is a stock index that is well known to seasoned traders as well as novices in the world of trading.

Now that you are reasonably familiar with what a stock index is, we can move onto the next section, which lists a relatively new and very exciting type of trading that many people are able to make a very nice living from. This kind of trading is referred to as future index stock trading.

Future Index Stock Trading

The concept of this type of trading has evolved due the fact that values of stock indexes are published at the end of each day and, therefore, it is possible to try and predict the future values of the stock indexes. As with other futures trading, there are contracts in existence with a specific figure and date and the values of these contracts fluctuate up or down depending on what a specific stock index does at the end of a particular day. You can buy and sell these futures just like you would any other futures and because of the ease of information available about stock indexes, many novice traders find this type of trading easier to get into.

If you are a novice looking to get into trading a bit more seriously, dealing in future index stock trading options is probably the way to go. You can read up more on the basic strategy involved and then using readily available information on fluctuations in a specific stock index, you can go ahead and buy or sell to your hearts content.


Hopefully this article gave you a good glimpse into the world of futures and future index stock trading. Now that you know the basics of both of these potentially lucrative trading options, it is time to take things a step forward and accelerate your learning curve a bit more. One of the biggest factors that novice traders fail to take into account is the fact that they are not going to be able to make continuous expert predictions and a high percentage of good deals right off the bat. It takes time and experience to learn any market and because of that, it is important to make sure that you use proper money management techniques in your stock trading.

Do not ever use money that you cannot afford to lose. Divide your full bankroll into portions (i.e. into 25% chunks) and only use a portion of the bankroll at any specific time. Following both these steps will help ensure that your education and initiation into the world of stock trading will be as painless as possible. Following both these plans will also help ensure that you are not affected financially by any blunders made during your educational phase.

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Saturday, September 29, 2007

The Ins and Outs of Day Trading

Day trading is one of the most popular forms of trading because the only components you need are a computer and an Internet connection. You can trade from almost any location you wish: your home, your office, the park, wherever suits you best. Because of this flexibility, day trading has the potential to be a very lucrative career for committed traders, but its definitely not something you should jump into without a little planning and forethought. To succeed at day trading, you must be willing to work hard, stay focused, and learn as many new strategies and techniques as possible, just like the pros.

What Exactly IS Day Trading?
Day trading is the practice of buying and selling financial instruments throughout the day. As the day progresses, prices will rise and fall in value, creating both the opportunity for gain and the possibility of loss. When traded strategically, the trends and fluctuations in the markets allow for quick profits to be made in brief periods of time. Keep in mind, however, that day trading is specifically designed to result in smaller earnings on a regular basis; it is NOT designed to result in huge fortunes through a single trade.

Day trading can be very profitable, but it is not a get-rich-quick scheme (though many seminars convincingly sell it as such). Nor is day trading a sure road to immeasurable wealth and success (as some hyped-up websites would have you believe). Quite simply, day trading is just like any other business venture: in order to be successful at it, you need to have a PLAN. It would be very risky to dive in head-first without looking. However, with the right tools and with the knowledge of how to use these tools efficiently and effectively the risks of day trading can be greatly reduced.

How to Succeed With Day Trading
Traders who enjoy the most success in day trading, regardless of whether theyre in it for a living or for some extra income on the side, generally have solid trading strategies and the discipline to stick to their trading plan. Keep in mind that day trading is a very competitive field, and, in order to succeed, you need to maintain focus on a set of simple strategies which you can implement immediately, without hesitation. Remember, a proven, strategic trading plan can give you an edge over the rest of the market.

Now, devising a trading strategy is all well and good, but you may be wondering how to determine whether or not YOUR strategy is a SUCCESSFUL strategy. There are a few ways to determine this. Most traders rely on back-testing. Back-testing allows you to take a closer look at a certain strategy and see how it would have performed in the past, thereby allowing you to predict with more accuracy how it will perform in the future.

(NOTE: Although back-testing is an effective technique, be aware that past performance is not always indicative of future results).

Unfortunately, even with a tested, proven trading strategy, you are not guaranteed trading success. It takes something else. It takes discipline. A profitable strategy is useless without discipline. Successful day traders must have the discipline to follow their system rigorously, because they know that only trades which are indicated by that system have the highest probability of resulting in a profit.

Whether youre new to trading or have been trading for years, its all too tempting to place the entirety of your trust in graphs, charts, and software. If only trading was as easy as that! Simply purchasing trading templates and computer programs does not guarantee your success as a trader. Too many hobby traders have tried that, and, unsurprisingly, theyve failed. They bought the tools, but they didnt have the knowledge they needed to succeed. As in all things, education will do wonders for the aspiring and experienced trader.

Of course, this is not to say that software programs and markers are not helpful when it comes to day trading. On the contrary, many traders use technical indicators which are instrumental to their success a few examples of these are the MACD, moving averages, and Stochastics. However, though profitable day traders DO follow their indicators, they are also aware that nothing is 100% foolproof.

You will not get rich on just a single day trade. Successful traders know that trying to hit a lucrative home run on just one trade is a sure way to get burned. The key is consistency. You need to devise a solid strategy that produces consistent trading profits, and you need to learn and adapt as your experience with day trading grows and evolves.

In Conclusion
Theres no doubt about it: day trading can be a profitable and exciting way to earn money. And, with the right knowledge, you can radically reduce the risk, which will create even more opportunities for achieving trading success.

If you are not willing to spend the time learning the techniques of trading, reading about new and improved trading strategies, and working wholeheartedly in a fast-paced trading environment, then day trading is probably not for you. However, if you have the drive, dedication, and discipline, day trading could seriously impact the shape and success of your financial future!

Markus Heitkoetter is a 19 year veteran of the markets and the CEO of Rockwell Trading. For more free information and tips and trick how to make consistent profits with online daytrading, visit his website

An Introduction To Forex Money Management

Forex trading money management is one of the most imperative things you must learn before you really start up with live trades. The Forex money management principles discussed here would further teach you how to keep yourself away from the expensive mistakes many fresh forex traders make, frequently to the degree that they lose their full investment on the first few trades. Psychology is actually the most key factor to money management when it comes to forex trading. You have to be clever to separate yourself from any touching affection you might have got to your money. This is not extremely simple to do, but it works and it could be really done.

First and foremost, you have to mull over leverage and risk. It is sensible that you by no means risk more than two percent of your account stability on any forex trade. However, some go beyond and permit for as much as ten percent, but in no way more than that. This gives you the capability to endure market fluctuations in forex, and if the trade goes poor, you yet have money to try again. You must never function under the hypothesis, which you would profit from each trade. You must as well plan for losses. Therefore, most forex traders would tell you that the most excellent thing to do is to keep your gains big and your losses less. Develop your forex trading strategy around this idea.

Keep a proper track of your gains and losses. Keeping correct and detailed records of your forex account commotion would permit you to see whether or not the forex trading strategy is working, or if it requires being rebuilt. Never go blindly into trading without a means to keep follow of results. You would surely lose all of your money and never know why it happened.

Finally, it is extremely advisable that you first carry out a strategy on a forex demo account. Nearly all forex brokers provide a virtual demo account upon which you make trades in real-time, but with fantasy money, so nothing is risked. This is the most excellent way to test a strategy before you put your real money on the line.

Uma is a Copywriter of She written many articles in various topics such as forex day trading,forex trading system. For more information : contact her at

Choosing The Right Location

Choosing the right location to live in can be a pretty exhausting experience. If you are looking for a place to start your life, a family, a new career, it can take a lot of energy and time to explore all the options. It can take even longer to explore the housing possibilities and the potential or projected growth of an area and it's economic potential. Does it not make sense to simply go to a place where this is already done for you? Take a look in most money and financial magazines and look at where they say the best city in America is. Guess what? It's St. George, Utah!

It would seem that the accolades have just been piling up for this beautiful Utah city. So far it is known to be the fastest growing city in the nation. The best small city in the nation for doing business. The best small city in the nation for job growth. And finally, the best small city in the nation for women entrepreneurs. Now that is a list of merits that is hard to beat. Simply put, St. George is an ideal business environment for small business and large companies alike. This translates very easily into a phenomenal work force and a work force that is always evolving and looking for new people.

St. George's stock is definitely on the rise. With so many different aspects of the city gaining national notoriety is is only a matter of time until this becomes one of the most popular and lively cities in America. With loads of room to expand and the know how and people to do it, St. George has supplied an endless amount of potential and the wherewith all to utilize it properly. Great things are expected from this city and it shows to be fulfilling those expectations and exceeding them with ease. This is a city that is definitely going somewhere so now is the perfect time to get in on something good! Homes here are beautiful and reasonably priced. They showcase the amazing scenery that Utah is known for as well as the great access to recreational areas. Come and have a look today.

David Ellis is a realtor specializing in St. George, UT real estate. David's dedication to customer service and knowledge of the Southern Utah real estate market that makes him the smart choice when thinking about a move to Utah. Contact David today for information on the growing home market in Utah or visit online at

Mastering The Millionaire Mindset - Two Easy Ways To Become A Millionaire

Do you want to guarantee that you will be a millionaire in 25 years or less? Here are two simple ways to achieve this goal and have a comfortable retirement.

First Strategy: Investing to Wealth
The basic concept of the easy wealth method is to achieve your long-term target of $1,000,000 without much effort or work! The first method, Investing to Wealth, is probably the easiest and within this method there are two basic methods you could try.

Consistent Over Time
Higher Now, Less Later (HNLL) is a tactic designed for those of you who want to kick back, relax and let compound interest do all the work. To achieve your million in 25 years with this tactic you need to make consistent monthly investments of $1,056 per month after taxes. If we assume an 8.0% compounded return each year, your portfolio should net out to approximately One Million Dollars at the end of the 25th year.

Value Progression
The second tactic, Less Now, More Later (LNML) while being the more popular of the two (due to the less now option) is not as easy to achieve as the years go on. Investing $774 per month, and assuming the same 8.0% return, this method works because each year you increase your monthly payment by 3.50% While the first decade results in lower overall monthly payments, starting in year 11 you are increasing the required payment much faster than before. In fact, in year 25, your monthly payment will have grown to $1,768 per month!

If investing $1,056 per month is out of the question right now, then definitely start with the LNML tactic and be diligent in investing the $774 per month. Even if this is out of the question, just make sure you put something away. I would suggest a solid index fund or a combination of multiple indexed funds (different indices of course) for your monthly deposit. If historical values continue, you should be well on your way to $1,000,000 for retirement just when you need it.

Second Strategy: Real Estate to Wealth
Buying real estate can be more of a challenge than simply investing in index funds for the next 25 years; however, it is a great vehicle to get you to your Million Dollar goal. They key element to both tactics is in the mortgage reduction from renters. To make this strategy simple, it is assumed that there is absolutely zero (0) cash flow from the investments; only mortgage principle reduction. How do you make this happen? Buy a rental property; get a good manager and watch the equity flow in.

Annual Purchasing Strategy
The first real estate tactic is to buy $96,405 worth of property each year for the next 5 years. This means that starting today, you need to get organized and pick up that first property in the near future. Next year by this time you should have your second, and so on. After 5 years you will control 5 relatively inexpensive pieces of property but youll be well on your way to the million dollars. As your mortgage principle is reduced, the value of your property will increase, thus resulting in a double-whammy of equity build-up in your pocket.

One Time Buy
The second tactic is a little less annual work but requires the ability to borrow more at one time. The second theory is that you simply buy one piece of property at $423,147, hold it for 25 years with the same 3.5% appreciation, and then wait until the mortgage is paid off. All of a sudden, its 25 years later and youre a millionaire!

The best tactic to choose within the Real Estate strategy is based on your ability to either invest your own money (as a down payment) or invest with other peoples money (OPM) and net a value you require for each. The first way buying smaller properties over a number of years can have less risk and allow you gradual movement into the market. The second method is for those who have a lot of cash up front and want to dive in and buy a bigger piece right now.

Final Thoughts
Choosing either strategy will result in you obtaining your goal of $1,000,000 in 25 years. The investment section means that you would rather place your money in the stock market and the real estate method means you are willing to put more effort into finding, financing and holding your property. The important thing is that you choose a strategy and go with it. Be it one of the above, a mixture of both or investments not listed here at all, taking responsibility for your financial future can be as easy as these two strategies.

Did you find this article on becoming a Millionaire helpful? Please visit for Real Estate Investing information and Wealth Creation Strategies

Ryan Lewis is an Author and Real Estate expert with years of experience, research and training in Real Estate Investing, Wealth Creation and Goal Setting. Dynamic, intelligent and exciting, Ryan holds a business degree from the Haskayne School of Business and consults in Consultative Sales Practices, Article Marketing Web Development and Business Start-ups.

Friday, September 28, 2007

Why the Rich Keep Getting Richer

Rich people: fortunate, lucky, selfish, and arrogant? Or highly educated, caring, brilliant individuals? Becoming rich isnt hard, but it does require a bit of time and knowledge. Having time to get rich, educating oneself, and buying assets are the three key factors in attaining untold wealth.

Rich people usually either have or make time to get rich. Most people that now own huge mansions, have wonderful riches, and drive the nicest cars usually begin taking the road to riches in their spare time. One plan, the most common, is to work at a low-risk, steady job until one has enough money to invest in something that will feed one for the rest of their life. But before one can invest in anything, one first has to educate oneself.

Although the best way to educate oneself in a particular investment is to have a mentor, and thereby gaining valuable hands-on experience, another excellent way to do this is to listen to tapes and CDs and to read books on the subject. I have done both, mainly pertaining to real estate, but also I have read a wonderful book about making money on the Internet, called Multiple Streams of Internet Income, by Robert Allen.

Lastly, after creating time to get rich, and educating oneself, one simply MUST buy assets that will create money for one, and not liabilities and toys such as a new car every other year, and boats. These come only after one can prove that he is capable of handling and keeping money. Simply put, according to multi-millionaire Robert Kiyosaki: Assets will feed you, and liabilities will eat you. An example of an asset is a rent-house, or stocks and bonds in a certain company. Only, that is, if the company is good and the stocks are ultimately going up in value.

In conclusion, we see that the three most important ways the rich keep getting richer are: having or making time, subject education, and buying assets. These are the key factors influencing wealth. I personally plan on educating myself in real estate, as it seems the simplest and safest way of getting rich.**

**Note: If youd like to use this article, feel free to do so, but please remember to include this message, and my resource box in every copy. Thank you!

Aaron Kater has been writing articles for quite a while, and has his own weekly newsletter, Katerzine! If youd like to subscribe, please visit his website at, or send him an email at

Telephone Conferencing - Evolution in the Web

The Need To Communicate

The need for businesses to communicate both internally and with each other has always been great. Successful transactions cannot be completed without communication - so much relies upon it; decent customer service; placing orders; winning new business.

As global markets have emerged with multinational organizations and twenty-four hour trading the need to find a reliable and cost effective method of communicating on a worldwide level has grown too. Logistical problems such as different time zones, busy schedules and a need to quite literally be in at least two places at once has commanded a software application that can tackle these difficulties.

First there was teleconferencing where two or more participants could engage in verbal communication over the telephone. Certainly an effective means of conversing but, as we all know, dealing with a person face to face is far more preferable. Body language conveys so much more than just a voice alone.

Trace it back, and you will find the roots of web conferencing in localized intranet systems. Document sharing and collaborative working was developed from this and the software for these systems was developed further still.

The development of the internet and its capabilities - greater bandwidth capacities, for example - made web conferencing a viable method of communication and developers forged ahead with refining their systems.

The expansion of the internet saw not only big players trading in the global markets but small and medium organizations also found themselves trading with partners across the globe. The need for effective methods of communication had to address the needs of all potential users, from multi-nationals to home-workers.

Web conferencing applications have now reached a sophisticated level. Going beyond the brief of providing a virtual meeting place, some applications now provide fully interactive capabilities, document and file sharing and the ability to communicate with not just one, but hundreds of participants at the same time.

Where Does The Future Lie?

Of course, refinement of web conferencing applications is ongoing. As a relatively new phenomenon, there is plenty scope for developers to enhance and improve their software packages. The needs of businesses are constantly changing and the shift in trend towards home rather than office-based employment will place a higher demand still for virtual meeting facilities.

It is hard to predict the future of web conferencing. There are so many avenues this exciting technology could explore. The popularity of mobile technology - cell phones, laptops and hand-held computers, for example - provide the software developers with new challenges. An increasingly mobile workforce demands software that will work for them rather than them having to work round the technology.

The web conferencing market place is become increasingly competitive and providers will have to stay ahead of the game in order to survive. As it increases in popularity as a means of communication, users will become more demanding in terms of the sophistication of the software they are using. With so many routes web conferencing technology can take it will be interesting to see the diverse range of software solutions on hand to solve the communication problems of the global business community of the future.

Diane Parker is a web content writer who specializes in internet related topics. Her conferencing articles include: web conferencing software, choosing a web conferencing tool and internet conferencing.

Series 7 Exam

What is the Series 7 Exam?

If you are looking to become a licensed Stockbroker, you need to know about the Series 7.

The Series 7 is a 250 question exam that when passed, licenses you to act as a Registered Representative. Persons who receive this license are allowed to sell most securities. These securities would include: Stock, Bonds, Options, Mutual Funds and Annuities. The license itself is active while you are practicing it. Practicing with a Series 7 means that you are either employed or affiliated with a member firm. If you leave the business, your license will still remain active for 2 years after your last day with the firm. If you do not re-enter the business within 2 years, your license will expire. You would then have to re-take the exam again.

The Series 7 exam itself is comprised of many topics although not equally divided. Approximately 50 questions will be on Municipal Bonds alone. Other major topics include Options, Industry Rules and Customer Account handling.

The SERIES 7 is a multiple choice test graded on 250 questions administered on computer by an NASD testing vendor (Prometric Technology Center). 70% is needed to pass the SERIES 7 Exam. You will be given 6 hours to complete the exam in two 3 hour parts. Each question is worth .4 of a point. 175 questions correct will equal a passing grade. The score is not curved or rounded up so yes, if you get 174 questions right, you will get a 69.6% and you will fail. Each part also includes 5 experimental questions, which do not count on your total score. You will not know which ones are the experimental questions. Each exam is different, meaning if you take your test next to someone else, your test will not be the same. The percentages will be the same but the questions that each individual is tested on will be random. This applies to all Licensing exams but the difference between tests is less with smaller content exams like the Series 63.

You will be given a calculator to use at the center. Applicants are not permitted to bring their own. Scrap paper will be given to you as well for you to use during the test. Once the test officially starts you can write down anything you want (Formulas, Rules etc.). The computer also offers the student the ability to change their answers at the end of the first or second part of the test. Meaning, if you wish to change an answer to a question in the first half, you will have to wait until the end of the first half to do it. Once the second half starts, you will be unable to view your first half. Basically, you are taking 2 different 125 question exams. Even if you are unsure what the correct answer to a question is, you must enter something before the next question is shown.

Don't Cheat: Today, the testing centers require fingerprint verification when you take your test. A student was caught a few years ago on camera cheating in the testing room. This person had a tiny video camera device on his tie and a listening transmitter in his ear. He was actually filming his screen while someone else at another location was feeding him the answers. I didnt believe this one at first but several people told it to me. Pretty amazing. Needless to say, he was nabbed and busted. Just study and you will pass....and maybe learn something too!

Good Luck!

Nick Hunter is the President of American Investment Training, Inc. (AIT) He has personally taught thousands of students in the securities industry for over 15 years.

Will Lightning Strike a Third Time for Dr. Boen Tan?

In late January, Cameco Corps director of advanced exploration tantalized the audience at Vancouvers Minerals Exploration Roundup, discussing the geology, and especially the size, of his companys Millennium uranium deposit. Drill indicated resources are estimated at 449,000 tonnes with a grade of 4.63 percent uranium oxide. Additional tonnage is inferred at the lesser grade of 1.81 percent, but still a respectable grade by anyones calculations (one percent of uranium oxide is reportedly comparable to about 50 grams of gold). Because of soaring spot uranium prices, this deposits gross value might someday conceivably exceed $2.4 billion.

The geological setting of the Key Lake Road shear zone is quite similar to the Millennium deposit, Dr. Boen Tan told StockInterview. The Key Lake Road shear zone is located within the same north-northeastern structural trend as the Millennium deposit. Camecos (NYSE: CCJ) director of advanced exploration, Charles Roy, called the Millennium uranium deposit, the most significant new basement discovery in more than 30 years. News reports suggest the Millennium discovery could host a resource of 57 million pounds of uranium oxide. The Millennium deposit is located north of the former world-class Key Lake uranium mine and south of two of the worlds highest grade uranium deposits, McArthur River and Cigar Lake.

So why is Dr. Tan evaluating a relatively early stage exploration project against one of the worlds most recent and highly lucrative uranium discoveries? Most junior companies exploring in Canadas Athabasca Basin, or for that matter any junior natural resource company, are unduly sanguine about measuring their propertys exploration prospects in relation to a major, often recently discovered, world-class deposit. All too frequently such closeology (were close to the big deposit so we can find an elephant, too) comparisons are deceptive and misleading. In many investment circles, it has become a clich. However, when the comparison comes from a highly regarded exploration geologist, such as Boen Tan, one should pay attention. Especially when Dr. Tan talks about his geological insights regarding the greater Key Lake area.

Dr. Tan was the Uranerz project geologist for uranium exploration at Key Lake in the early 1970s. His exploration work led to the discovery of the Gaertner deposit (1975) and the Deilmann deposit (1976) in the Key Lake area. According to a recent Northern Miner article, It was not until the discovery of the Deilmann and Gaertner deposits at Key Lake that the true unconformity type uranium deposit model was first recognized.

Dr. Tan also supervised the definition drillings of these two deposits until 1978. According to the Uranium Information Centre, Key Lake once produced about 15 percent of the worlds uranium mined. Over Dr. Tans long career, he was also fortunate to have evaluated some of the worlds largest uranium deposits in the Athabasca Basin, which had been previously co-owned by Uranerz. These include the Key Lake deposits, the Rabbit Lake deposits (including Eagle Point, A-, B- and C-Zone, and the McArthur River deposits).

Comparisons between the Key Lake Road Project and Cameco Corps Millennium Uranium Deposit

Asked about his opinion of Forum Developments Key Lake Road project, for which Dr. Tan is the chief geologist, We have the right lithology, the right structure and, on top of that, we have uranium mineralization. Dr. Tan was impressed with the amount of uranium mineralization scattered with the graphitic metapelites. It is very seldom you find such a lot of uranium mineralization there, he explained. Again, he compared that with exploration around the Key Lake deposit where he remarked, The graphitic metapelites at the hanging wall of the Key Lake deposit had as much as 4,000 parts per million of uranium. Its an optimistic sign in preparation for a summer drilling program.

Lets look at Dr. Tans geological comparisons between Camecos mammoth Millennium uranium deposit and the exploration he is overseeing for Forum Developments Key Lake Road project.

1.Athabascas eastern basin is comprised of Archean granitoid gneisses and Paleoproterozoic metasedimentary rocks. Dr Tan wrote, Both the Lower Proterozoic rocks and the Archean granitoid rocks occur within the KLR shear zone in similar geological setting (along the north-south structural trend,) as the Millennium deposit.

2.The Millenniums main uranium zone occurs in a pelitic to semi-pelitic stratigraphic assemblage of gneisses and schists. Asked about the drill targets on the Key Lake Road project, Dr. Tan responded, The targets are in the pelitic stratigraphic assemblage at depth which includes the same graphitic pelitic gneiss and the calc-silicate which host the uranium mineralization in the Millennium Deposit.

3.Camecos geophysical surveys indicated the presence of a significant resistivity low centered over the uranium mineralization. Dr. Tan explained, Forum did airborne VTEM (electromagnetic survey) and multiple parallel EM conductors of over 40 kilometers long were outlined. Last years radiometric prospecting was carried out and several uranium showings (from 0.1 to over 5 percent uranium) were found in the graphitic metapelites, calc-silicate and pegmatites along this 40 km conductive trend.

4.The Millennium deposit features extensive hydrothermal alteration over the lithology. The uranium mineralization was associated with dark chlorite and illite, and with a distal halo that included sericite. Dr. Tan remarked, In the Key Lake Road area, we did observe moderate clay alteration in the fractured and brecciated calc-silicates and pelitic gneiss which appear to be chlorite and sericite. In 1980s five reconnaissance holes were drilled in the area and chlorite alteration in the meta-pelites was reported from the drill cores. In a project Forum has scheduled for drilling this winter, Dr. Tan pointed out, In the Costigan Lake area clay alteration in the pelitic gneiss were intersected in several holes. One drill hole intersected uranium mineralization of 0.43% U3O8 in 0.36 m of clay altered graphitic pelitic gneiss.

5.The Millennium deposits ore mineralogy is comprised of pitchblende, with lesser amounts of coffinite and uraninite. Dr. Tan discussed the comparative mineralogy, saying, We found uraninites in the calc-silicates which occur as fine to coarse disseminated grains and as nuggets up to 2 centimeters in diameter (over 5 percent uranium). Fine grained uranium mineralization (up to 0.6 percent U) found in the fractured graphitic meta-pelite appear to be secondary uranium mineral. In the Key Lake Roads Molly Zone, Dr. Tan indicated, Uranium mineralization was found within the calc-silicates and pegmatites along the shear zone. The calc-silicates contained up to 5 percent uranium with visible pitchblende He also pointed out that at Forums Maurice Point project, which the company may drill in 2007, the prospector discovered a zone of mineralization of 100 by 10 meters wide with uranium mineralization from 1 percent up to 7 percent uranium in an outcrop.

6.Finally, Dr. Tan explained, Because all the unconformity uranium deposits in the Athabasca Basin, such as the Millennium, Key Lake and McArthur, always have lots of boron. That is indication of the hydrothermal diagenetic ore-forming process. Do any of Forums properties show boron? Dr. Tan said, The Beach Zone in the Maurice Point project has high boron elements. On top of the good uranium grades, yes, that is the extra special thing. Because it is characteristic for a hydrothermal uranium deposit in Athabasca, like Key Lake. Its a good indication like pathfinder elements.

Evaluation of Forum Developments Exploration Prospects

As with any early exploration project, additional drilling helps define the propertys potential. Many of Dr. Tans comparisons, while valid, require drilling the most promising targets. Asked about what questions that drilling the Key Lake Road project might answer, Dr. Tan responded, If the uranium is deposited under hot water, in a hydrothermal environment around 300 degrees, if you dont see the uranium during drilling, you want to see the rock alteration, the pathfinder geochemistry, the boron, and elevated uranium. He also pointed out the most obvious answer you want to see during a drill program, The thing you want to see in drilling is to see some uranium.

Some might consider Forum Development Corps relatively shallow drilling approach with hesitation. The company plans drill holes between 150 and 200 meters deep, not the 700 meters usually drilled in the Athabasca Basin. Forums Chief Executive Rick Mazur, who is also a geoscientist, saw the positive side to that philosophy, calling his exploration model unique (which it is). He added, The Key Lake project was a concept where we were looking for near or at surface mineralization. We acquired ground just outside the erosional context of the Athabasca sandstone, where we believe that basement hosted deposits could be found at or near surface.

Expensive drilling in the Athabasca Basin can break any junior uranium exploration companys bank. Financing for these drill programs can run into the millions. Exploration can take years. Investors should note that deep drilling into hundreds of meters of overburden can quickly drain a companys exploration budget. Mazur explained, We are fortunate enough to have rock exposed on surface, and not covered with 400 to 800 meters of Athabasca sandstone. What is Forums advantage for shallow drilling? We can go in there and with a very cost-effective program of geological mapping and prospecting, evaluate areas on our property where uranium mineralization has already been discovered in detail, Mazur concluded.

David Scott, an eResearch geological analyst, issued a speculative buy recommendation on Forum Development Corporation (TSX: FDC) in October, 2005, and wrote the company has an excellent management and advisory team with decades of experience in the Basin. They have staked two well-positioned properties and have moved quickly to explore them. eResearch set a 12-month target price of C$0.60/share on FDC shares, with a potential target price of C$0.90/share if the company continues to get good results in the Athabasca Basin.

The analyst re-iterated the speculative buy recommendation on February 13th with the target price of C$0.60/share. The analyst based his investment opinion and price target by comparing Forum Development against peer group junior uranium exploration companies. Valuation was arrived at his price target by comparing Forum Development in terms of (a) similar-sized uranium exploration companies and (b) uranium exploration companies with properties next to Forum Development. FDC shares traded between C$0.40 and C$0.50/share during February.

Snapshot: Dr. Boen Tan

Dr. Boen Tan is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan, and possesses over twenty-five years of uranium exploration experience. Dr. Tan joined Uranerz, a private German company, in 1969 and after a number of years as a field geologist in Germany and Australia, moved to Canada in 1973 as a senior geologist and Project Manager for Uranerz Exploration & Mining Ltd. (UEM), conducting uranium exploration in the Athabasca Basin.

Dr. Tan was instrumental in the discovery of the Key Lake uranium deposit and the development of the Key Lake Mine which produced 195 million pounds of U3O8 at a grade of 2.5% over a fifteen year mine life from 1983 to 1997. After the development of the Key Lake Mine, Dr. Tan continued to supervise UEM's uranium exploration and drilling programs in the Athabasca Basin, including regional exploration in the greater Key Lake area. Dr. Tan monitored the exploration and diamond drilling of UEM's joint ventures with Cameco Corporation at the McArthur River, Maurice Bay, Millennium and Rabbit Lake deposits until all uranium property and project interests were sold to Cameco in 1998.

COPYRIGHT 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

James Finch contributes to and other publications. StockInterviews Investing in the Great Uranium Bull Market has become the most popular book ever published for uranium mining stock investors. Visit

Wall Street to Main Street: News, Views and Commentary: May 11, 2006

Its Thursday May 11, 2006, and as the street anticipated the Fed has raised the benchmark interest rate to 5% but the question that looms is what is going to happen in June. Though the Fed has hinted at a slow down aka a pause in interest rate hikes, we will not get a better idea until June. Chances are that the Fed has flipped the autopilot button off and will take that pause for a spell. But now that the Fed Factor is out of the way its time for companies to trade on their own merits.

Metals Mania is on fire, Gold is in the $700 range and continues to touch new highs on its way to $800, but as we have stated and continue to state on Wall Street to Main Street, do not forget about the other metals like Silver which is on its way to $20, Copper making new highs, Platinum, Palladium, Aluminum, Titanium which Airbus is stocking up on for production of their new aircrafts to satisfy the China contract that they have in place and other contracts that may come out of China and India, Aluminum and Zinc. I would put the periodic table of elements here but that would take all day.

Now Oil is not lacking in the upward movement as the tension in Iran is placing Crude Oil on a roller coast ride as it bumps up to over $72 a barrel on its way to $80.

Now on the topic of oil and natural gas, word is floating around that China is in a race to secure oil and natural gas for their country and may be looking at Florida for drilling opportunities. The area in question is the Gulf of Mexico south of Pensacola, Florida. This is also an area that Cuba is interested in, Cuba is limited with technology but have some cash in the till, they have aligned with companies in China, Spain and Canada. The world is just getting smaller and the U.S. should not underestimate any nation.

The NAMC Newswires Wall Street to Main Street segment in its entirety is only available to subscribers. Dont miss out and Keep in mind that all subscriptions are free and will remain that way. All that you need to do is go to and add your email address to receive the full segments. We value your privacy and all email addresses are only used for NAMC related items and not shared with any third parties.

We want to hear from our readers/listeners, so drop us a line, maybe you have a question about a certain company or perhaps you want to introduce us to a company that we should know about.. All that you need to do is either shoot us out an email using our contact form on our website at or give us a call toll free at 888-463-9237 between the hours of 6:30pm and 12am EST weekdays. Your question could be a part of the Wall Street to Main Street radio show that is syndicated daily.

Remember that you can always listen to the NAMC Radio on, the leader in financial podcast. and is also available on iTunes.

For a listing of our Furious Five picks go to To get them sent to you daily ahead of the Wall Street to Main Street radio show just signup at our website, its fast and its FREE.

Political Front

Israel said that it is willing to release part of the $50 million that it collects each month in Palestinian customs fees and taxes to help fund humanitarian relief programs for the region.

According to reports Russian President Vladimir Putin has pledged cash bonuses to Russian women who give birth to two or more children, this is an effort to reverse what he says is the gravest problem facing contemporary Russia: a declining population. While China some years back had to stop the growth of the population, Russia is looking to beef it up. I wonder if well se a surge in Viagra sales in 2006.

The U.S. Treasury Department has once again rejected claims by US manufacturers yesterday and concluded that China is not manipulating the value of its currency to gain an unfair trade advantage. China is still looking to boost their Gold bullion reserves, which makes this very interesting.

Movers and Shakers

Some major movers in yesterdays trading session included Barret Bill Corp (NYSE: BBG) which traded up $5.74 to close at $36.60, Maidenform Brands (NYSE: MFB) which traded up $1.29 to close at $12.70, Navistar International (NYSE: NAV) which traded up $2.68 to close at $27.99, RTI International Metals (NYS: RTI) which traded up $7.23 to close at $77.65, Sunrise Senior Living (NYSE: SRZ) which traded up $3.06 to close at $35.41, Hansen Natural (NASDAQ: HANS) which surged again trading up $24.82 to close at $201.06, keep a close eye on National Beverage (AMEX: FIZ) as we see this as the next Hansen situation, (NASDAQ: BIDU) which traded up $$22.60 to close at $83.97 on its way to $100 so look for more upward movement this week, Iris International (NASDAQ: IRIS) which traded up $2.49 to close at $13.43 and (NASDAQ: ECLG) which traded up $2.62 to close at $25.22, this is a booming business which we will touch on next week.

Analyst Upgrades/Downgrades

Recent Analyst upgrades include Broadcom Corp (NASDAQ: BRCM) which was upgraded to an Above Average from a Average by Carris & Co, Parlux Fragrances (NASDAQ: PARL) which was upgraded to a Strong Buy from a Buy by Wedbush Morgan, The Cheesecake Factory (NASDAQ: CAKE) which was upgraded to a Buy from a Hold by AG Edwards and Symantec Corp (NASDAQ: SYMC) which was upgraded to an Outperfrom by Cowen & Co.

Recent Analyst downgrades include Daktronics (NASDAQ: DAKT) which was downgraded to a Hold from a Buy by Needham & Co, Darden Restaurants (NYSE: DRI) which was downgraded to an Underperform from a Hold by Jefferies & Co, and Rae Systems (AMEX: RAE) was downgraded to a Market Perform from a Market Outperform by JMP Securities.

Analyst Coverage Initiations include Akami Technologies (NASDAQ: AKAM) was initiated with a Peer Perform rating by Thomas Weisel Partners, Cobiz (NASDAQ: COBZ) was initiated with a Strong Buy rating by Raymond James and a $24 price target, Zions Bancorporation (NASDAQ: ZION) was initiated with a Market Perfrom rating by Raymond James and Ventiv Health (NASDAQ: VTIV) was initiated with a Buy rating and a $37 price target by Banc of America Securities.

Tid Bits

Google (NASDAQ: GOOG) is looking to keep Yahoo (NASDAQ: YHOO) and Microsoft (NASDAQ: MSFT) from gaining ground as the company puts more focus on their core strength, Search. They are enhancing the searching capability of Google, which should thwart any rally from Yahoo and MSN as Google continues to take more search market share.

McDonalds (NYSE: MCD) to looking to get Hip as they are going to overhaul over 30,000 of their locations around the world. Discarding the hard plastic seating and replacing it with premium coffee, comfy seats and Wi-Fi Access. So if you havent figured it out yet they are going after the Starbucks (NASDAQ: SBUX) market and offering all the pizzazz to go along with it. The only question that does come out is will this change have an impact on their current customer base. Only time will tell.

Archer Daniels (NYSE: ADM) is planning to meet the demand of the Ethanol boom as they are looking to build a new dry-mill ethanol plant in Cedar Rapids, Iowa, that will allow the company to produce an additional 275 million gallons of the corn-based fuel each year. The professional car racing industry is taking notice as for the first time Ethanol fuel is being used in an Indy 500 car. The Indy Racing Leagues IndyCar Series has partnered with the ethanol industry to become the fuel supplier beginning with the 2006 season, including the Indianapolis 500. The Ethanol industry will sponsor the racing team that will feature Rookie Paul Dana as the driver, the car will be fielded by 1996 Indy 500 Champion Hemelgarn Racing.

Urban Outfitters (NASDAQ: URBN) reported earnings yesterday and their Net income declined to $20.3 million, or 12 cents per share, from $27.4 million, or 16 cents per share, for the same period a year ago. Revenue grew 17 percent to $270 million from $231.3 million last year. The average analyst estimate was 15 cents a share. This was not one of our Furious Five companies that were featured on Wall Street to Main Street. We see American Eagle Outfitters (NASDAQ: AEOS) as being a better play in this sector, above Pacific Sunwear of California aka Pac Sun (NASDAQ: PSUN) and The Gap (NYSE: GPS). Pac Sun is scheduled to report earnings today but even if they beat the estimate, which may not happen, American Eagle is a better play. In certain strip malls that we visited the Pac Sun store was replaced with an American Eagle Outfitter store, as we mentioned on WSMS. Other companies that should be looked at include True Religion Apparel (NASDAQ: TRLG), G-III Apparel (NASDAQ: GIII), Under Armour Apparel (NASDAQ: UARM) and Crocs, Inc (NASDAQ: CROX), all featured on Wall Street to Main Streets Furious Five..

In the Spotlight

In a special Investors Corner Segment late yesterday we featured a company that we see being the next Hansen Natural Corp (NASDAQ: HANS). If you have followed Hansen you would know that in a 12 month time frame the stock went from the $30 range to where it closed yesterday at $201.06 and moving, now that is a Monster jump. Now for those that missed our views and outlook on National Beverage Corp (AMEX: FIZ) here it is once again.

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This is the Fourth of our Furious Five companies that we see excelling in their industry in 2006. The fourth addition to this weeks Furious Five is Intervest Bancshares Corp (NASDAQ: IBCA) it trades on the Nasdaq under the symbol IBCA.

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We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, its only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid a run up.

NAMC Newswire Note

Go to the NAMC Newswire for updates at and you can listen to the NAMC Radio for the audio version of Wall Street to Main Street at

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Disclaimer: None of the information contained on the NAMC Newswire constitutes a recommendation by the NAMC Newswire, its journalist, nor its parent company that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific investors or person. Each individual investor must make their own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy featured on the NAMC Newswire or NAMC Radio Any past results are not necessarily indicative of future performance. The NAMC Newswire, its journalist nor its parent company does not guarantee any specific outcome or profit, and all investors should be aware of the real risk of loss in following any strategy or investments featured on the NAMC Newswire or the NAMC Radio. The strategy or investments discussed may fluctuate in price or value and investors may get back less than you invested. Before acting on any information featured on the NAMC Newswire website or the NAMC Radio segment, investors should consider whether it is suitable for their particular circumstances and strongly consider seeking advice from their own financial or investment adviser. Investors are also urged to do their own due diligence before investing in any security.

All opinions featured on the NAMC Newswire or NAMC Radio are based upon information that is considered to be reliable, but neither the NAMC Newswire, its journalist, its parent company, affiliates nor assigns warrant its completeness or accuracy, and it should not be relied upon as such. The statements and opinions featured on the NAMC Newswire by its journalist are based on their outlook at the time of the statement or opinion, and are subject to change without notice. NAMC may at times hold a position in the companies that it features, in these cases appropriate disclosure is made.

Louis Victor is the host of the syndicated radio show and financial newsletter "Wall Street to Main Street" which is featured on the NAMC Newswire Radio. He has been involved in the financial industry for over two decades, on the retail and investment banking ends. He is also well versed in the advertising and marketing industries, which has given him insight into market trends and unqiue companies that may be under the radar.

How To Start Trading Online

So lets get started!
1.You with out a doubt you will need a computer. Its best to have a new computer because you will need a certain level to run some programs. So you need the actual computer, keyboard and other accessories and an operating system.

2.You will also need an Internet connection. You will need a trusty Internet connection, you really dont need it going down all the time, and especially when you really need to sell or buy RIGHT NOW! Normally the highest speed is the better. However it is a good idea to have a back up Internet connect. Even the best connections will go down at some point. This might mean that you know you can in to the office and use the Internet there if you need to, or it might mean that you purchase a dial up account. You will also need a telephone line to use the dial up account, and if you need to call your broker.

3.You will also need a broker. There are many online brokerage firms that will offer you a range of different deals. You should choose a broker that offers you information, support and advice. You should also choose a broker that you can contact and that you can trust. Its not a good idea to go with a broker that operates under the raider, because you need them they probably wont be there.

4.Now once you have gotten started you need to get making money, so you should start by learning a little bit about chart reading. You can read about this on various websites. If you can read the charts you will have a good idea what is going on. So get reading!

5.You need to set up a sell amount every time you buy a stock. Never enter the game with out knowing how or when you will get out. The money that you make on the stock exchange will be when you sell not when you buy. So make good selling decisions.

6.Dont buy a sock that is falling in price because you think it will go up. You should however work towards buying stocks that are rising because then you are almost assured some sort of profit.

7.Dont follow stockbroker celebritys advice like gospel. This isnt because they give bad advice, because normally they give good advice, it is because they give that advice to a lot of people. So once you get your hands on the advice its old news.

8.You should look for a broker that will give you good value for money with their commission fees.

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Thursday, September 27, 2007

Investors Chasing Uranium Mining Stocks, Again: A Favorite Emerges

Fifty years ago, uranium fever hit Wall Street. It was then just a few years after a Navajo shepherd in New Mexico, by the name of Paddy Martinez, discovered yellow rocks on his property, mistaking them at first for gold. An avalanche of 1950s dollars (more valuable than the ones we have today) poured into mutual funds and uranium mining stocks, sending their values to astronomical levels. Get ready for dj vu all over again, as Yogi Berra once said. Trend spotter, James Dines, editor of The Dines Letter, believes uranium mining stocks could become just as hot, or hotter, than the Internet stocks of the 1990s. (Editors note: interviewed James Dines on July 20, 2004, when he forecast a buying panic in uranium. Since then, spot uranium (U3 08) prices have nearly doubled. Over the past 35 years, Dines has successfully predicted mega trends in gold, internet, palladium and uranium price movements). And now investors are chasing uranium mining stocks again.

A look at industry leader, Cameco (NYSE: CCJ), which money manager Robert Mitchell called the Saudi Arabia of uranium, shows a three-year gain of more than 700 percent. Over the past few years, Australian-traded Paladin Resources, skyrocketed from under a dime to over $2/share (A$). A recent Forbes magazine cover story, entitled Going Nuclear, analyzed uraniums recent price surge, One reason the price of uranium should keep escalating is that producers are only starting to ramp up to meet the strong demand. Utilities globally need 180 million pounds of uranium annually, but at this point a mere 108 million pounds are coming out of the ground.

Why the sudden jump? A Morgan Stanley institutional report, published in December 2004, explained that through the 1990s, uranium oxide prices stayed low because surplus uranium came into the market from weapons decommissioning. That surplus inventory worked its way through the market. The Morgan Stanley analyst forecast a deep supply-side shortage of uranium, citing that new mining production hasnt yet come online to remedy the deficit. In the year-ago forecast, the uranium deficit was expected to grow to nearly 20 million pounds this year (from a surplus of 6 million pounds in 2003), and then leap to a peak deficit of more than 35 million pounds in 2006. Deficits in excess of 30 million pounds were also anticipated for 2007 and 2008. According to the Morgan Stanley analyst, $50/pound may be possible in the spot price for uranium oxide, known in the trade as yellowcake.

Mining Newsletters Favor Strathmore Minerals

Whats that mean for uranium stocks? Higher prices should be anticipated as more investors, mutual funds and hedge funds search out the best returns. While the lions share of investment dollars is likely to chase Camecos price higher, the robust percentage gains in that stock may have already peaked. Generally, new money searches for well-capitalized junior mining stocks with solid uranium projects in their portfolio. One of those most frequently recommended among mining newsletter writers is Strathmore Minerals Corp, trading on the Toronto Venture Exchange (ticker symbol STM.V). Prominent among Strathmores projects are in-situ leach mining operations proposed for Wyoming and New Mexico, plus an aggressive exploration program in the worlds richest uranium areas, Saskatchewans Athabasca Basin (home to uranium mining giant, Cameco).

In September, letter writer Lawrence Roulston of Resource Opportunities recommended Canadian-based Strathmore Minerals (TSX-V: STM), writing, The company is systematically adding value to the projects most likely to be significant in the near term, especially those with near-term production potential. Also in September, Resource World contributing editor, Alf Stewart, wrote, The two deposits Strathmore is developing were cherry picked from the inventory of Kerr McGee, largest private explorer of uranium prior to that industry grinding to a halt in the early 1980s. As these properties are largely drilled off, Strathmore may be considered more of a uranium development company than an explorer. This past June, money manager Adrian Day recommended uranium stocks in his research report, writing, So I am focusing on four main areas in uranium, with one or two buys in each top exploration companies that have the goods and are likely to bring properties into production. Strathmore Minerals, with technically strong management, lots of properties, and a strong balance sheet, is arguably the best.

New Uranium Discovery in the Athabasca Basin?

Heres one of the stronger reasons why investors might anticipate a strong rally in Strathmores share price over the coming twelve months: In a November 16th news release (, Strathmore Minerals announced a discrete conductor, more than 30 miles long, after completing an airborne geophysical survey on the companys Davy Lake property, in the north central portion of the Athabasca Basin. According to the companys news release, The conductor's profile response indicates a deep and in places, broad source.

Virtually all the significant unconformity uranium deposits known in the Athabasca Basin are directly associated with fault structures associated with graphitic conductors. Deposits such as Key Lake, Cigar Lake and McArthur River were found by drilling electromagnetic conductors located within magnetic lows.

In an interview with Jody Dahrouge, of Edmonton-based Dahrouge Geological Consulting Ltd, he told, Early indications are that this conductor is similar with other known uranium deposits, graphitic conductors with magnetic lows. On a scale of one to ten, Dahrouge rated the Davy Lake conductor a ten. It is a long conductor, cut by structures, with deep depth and associated by a late fault, explained Dahrouge. It is a high quality conductor that continues to depth, and it is typical of those occurring that are associated with known uranium deposits. Dahrouge described how the MegaTem II airborne geophysical survey was able to pinpoint the conductor as shallow as 600 meters and running deep to 1200 meters. Dahrouge made comparisons to other uranium deposits in the Athabasca Basin. The Sue Deposit near McLean Lake is associated with an electromagnetic conductor that is approximately 2.6 kilometers long, he said. Based on our work at Waterbury Lake, we identified an 8 kilometers long conductor associated with the Midwest Deposit(s). The 'P2' conductor at McArthur River is approximately 13 kilometers long. This feature was first identified in 1984, by a ground Deep EM Survey. The Shea Creek deposits, located south of Cluff Lake, are associated with an approximately 25 kilometers long conductor, known as the Saskatoon Lake Conductor. Dahrouge added, These deposits are located at depths similar to what we expect at Davy Lake.

What is probably most significant is Strathmores gamble, by exploring away from the eastern parts of the Athabasca Basin, some 300 kilometers from the eastern Athabasca Basin, where the major discoveries have been made. It was virtually unexplored, Dahrouge said with excitement in his voice. Its really virgin ground. While there is ample evidence suggesting multiple uranium deposits in the Athabasca Basin, other junior exploration companies are looking at the shallow parts of the eastern basin, which may not likely yield economic uranium ore. One pundit acidly questioned some of the current exploration activity in the Athabasca region, Are they really re-flying old ground thats already been flown a hundred times, or are they just releasing old data to save money? Dahrouge pointed out that the uranium appears to be running deeper for many of the newer discoveries, as he believes the Davy Lake property might hold true for Strathmore Minerals in the north central part of the Athabasca Basin.

Important features in many Athabascan uranium deposits are the cross-cutting fault zones. Dahrouge confirmed the Davy Lake conductor has cross-cutting fault zones with a sinistral (left-sided) fault about halfway along its length. According to Dahrouge, there is also a conductor extension which crosses the fault from west to east and flows out into a small, sub-circular magnetic low. As with many of the Athabascan uranium deposits, which tend to be found between overlying sedimentary units and underlying basement rocks, the Davy Lake conductor fits the bill. Strathmore Minerals president, David Miller, told, the 50-plus kilometer geophysical anomaly appears to indicate a basement conductor. However, Mr. Miller tempered the exhilaration in the air, A geophysical anomaly does not make an ore body. These exciting initial results will be followed up with infill geophysical lines, followed by ground geophysics, followed by shallow drilling, looking for alteration. When we have narrowed the target to drill, we will pull in the big rigs and test the conductor at the unconformity. Dahrouge remains excited about the Davy Lake conductor, and said, Clearly this represents an excellent exploration target for unconformity type uranium deposits.

What does all that mean? It could explain why Strathmore Minerals might well be on the road to a world-class uranium discovery as further exploration more clearly defines how valuable those newly discovered conductors might become. Meanwhile, Strathmores New Mexico and Wyoming properties (amounting to potentially several million pounds of uranium resource) are in the preparatory phase of the permitting process. As the spot uranium price inches forward to the widely accepted short-term target above $40/pound, several of Strathmore Minerals properties may become instantly more valuable to a utility company who will someday need the companys uranium oxide to fuel their nuclear reactor.

COPYRIGHT 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

James Finch contributes to and other publications. StockInterviews Investing in the Great Uranium Bull Market has become the most popular book ever published for uranium mining stock investors. Visit