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BlacknGold (36.94)

Can Anyone Explain This...

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March 15, 2011 – Comments (4) | RELATED TICKERS: URA , PKN , NLR

Why is URA being punished more than NLR and PKN? It dropped almost 8% today vs 4.5% and 2.67% respectively. Was it really that overvalued? I know its top heavy with CCJ and Uranium One, but is it really that simple? 

Most daily volume:   URA, NLR, PKN.

Highest cash %:  URA (12.95%), PKN=NLR (0%).

Stock %:   URA (87.05%), NLR (95.7%), PKN (100%).

Top 3 Holdings:

NLR (Cameco 8.37%, Constellation 8.32%, Exelon 8.15%).

PKN (Areva 7.97%, Toshiba 5.43%, Uranium One 3.85%).

URA (Cameco 17.57%, Uranium One 14.1%, Paladin 8.71%).

Shares Out:   PKN (1.75mln), URA (in between), NLR (10.3mln).

Price on Friday:  URA ($19.04), PKN ($21.42), NLR ($25.51).

Price Today (at close): URA ($14.23), PKN ($18.46), NLR ($21.44).

% Difference: URA (25.26%), PKN (13.9%), NLR (15.95%).

4 Comments – Post Your Own

#1) On March 15, 2011 at 8:57 PM, HarryCarysGhost (99.72) wrote:

Simple, I recently made it an outperform on Caps. If I needed more evidence that I can't time Mr Market this was it : )

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#2) On March 15, 2011 at 8:59 PM, BlacknGold (36.94) wrote:

LMAO good call! I'm just a noob and didn't know if there was a reason for the discrepency. Your answer, however, seems to make the most sense =P

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#3) On March 15, 2011 at 9:33 PM, mhy729 (28.71) wrote:

I'm guessing that URA's holdings of uranium miners/explorers are experiencing a double-whammy from the sell-off in nuclear power related stocks and the drop in uranium spot prices.  I checked on Google Finance, and URA tracked its intraday NAV quite well, so the holdings of URA were indeed being hit more than those of the other ETFs.

Uranium Stocks Continue To Fall As Uranium Spot Prices Sink

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#4) On March 15, 2011 at 10:11 PM, BlacknGold (36.94) wrote:

Ahh that makes sense (unfortunately). Thanks mhy!

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