U.TO – Uranium Participation Corp – I’m finally buying

One of the problems with writing a blog like this is that I make my predictions, and then readers can look back and see how smart, or not, I am. Back on November 25, 2006 I wrote a blog explaing why I’m not a fan of U.TO. I said that it “has a nice chart, but I’m not crazy about it, because Denison Mines manages it.” At the time I was not a fan of DML.TO – Denison Mines Corp., because it had underperformed the uranium sector, and because the Dines Letter was not a fan.

Since then, Dension has been acquired by IUC – International Uranium Corp (even though they kept the Denison name), and since then they have been making acquisitions, and more importantly leading in the uranium sector.

Therefore, back in November I should have followed the chart, not my feelings.

I admit my mistake, so now I’m adding U.TO to my portfolio.