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Uranium Stocks: An Elliott Wave View

Well, we at Elliott Wave International have learned long time ago not to forecast one market based on another: You get better results by studying wave patterns in each market separately. But uranium stocks did catch attention of our Prime Stocks Flash analysts – although for entirely different reasons than the surging uranium prices.

Cameco Corp. (CCJ), one of the major uranium producers, last popped up on our radar a little over a month ago, on March 1. That was the day our Prime Stocks Flash sent a "buy now" recommendation to subscribers, complete with this chart:

You can see why CCJ looked so promising on March 1. Wave C, the final wave of the larger wave 2 correction that had been in progress since the start of the year, appeared to be over, and a low-risk, high-opportunity trade in wave 3 up – the most vigorous wave in the Elliott wave sequence – was likely at hand.


Lexington Realty Trust Acquires Medical Office Building in Boston ...

NEW YORK, March 13 /PRNewswire-FirstCall/ -- Lexington Realty Trust ("Lexington") , a real estate investment trust (REIT) focused on single-tenant real estate investments, today announced the $20.0 million acquisition of an approximately 52,000 square foot ten-story medical office building in downtown Boston, Massachusetts. The purchase was financed with cash balances which included proceeds from a 1031 exchange property.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070205/LAM022LOGO )

The office building is 100% net leased to Harvard Vanguard Medical Associates with an initial lease term expiring in May 2012. The medical office building is located .


PSC chairman freed after insider trading interrogation

Chairman Frank Huang of Powerchip Semiconductor Corp., Taiwan's leading maker of memory chips, was released early yesterday morning following 15 hours of interrogation by prosecutors over his alleged role in illegal insider trading of shares of Veutron Corp., an affiliate of PSC also chaired by Huang.

During the questioning, Huang strongly defended his innocence, but prosecutors said they have concrete evidence attesting to Huang's involvement in the scandal.

Prosecutors said they released Huang after interrogation partly because Huang shows no signs of fleeing Taiwan even in the absence of an exit ban on him, and partly due to a desire not to undermine the performance of the local bourse and Huang's companies.

Meanwhile, Veutron Corp. yesterday issued a statement denying press reports that Huang had admitted partial involvement in the case when faced with Veutron's internal books and financial figures presented by prosecutors in charge.


Hardestys Look Back on a Dozen Years at WVU

Q&A: David C. Hardesty Jr. has served as president of West Virginia University since 1995, and he and his wife, Susan, reflect on their shared experience as he prepares to step down.

Story by Dan Page Email | Bio

MORGANTOWN -- Since 1995, David C. Hardesty Jr. has served as president of West Virginia University.

Now 61, Hardesty is scheduled to retire in September. The WVU Board of Governors is conducting a search for his successor.

A native of Shinnston in Harrison County, Hardesty is a graduate of WVU and a Rhodes Scholar. After studying at Oxford, he earned a law degree from Harvard University. As an attorney, Hardesty specialized primarily in state and local taxation and corporate law. He was general counsel for numerous private and non-profit organizations.



 

 

 

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