Eoin Treacy's view Following Friday's explosive advance I tightened a stop on my initial long position and placed a breakeven stop on the second rough rice position. These were triggered this afternoon at $13.125 against my purchase on October 4th and 8th at $12.255 and $13.1025 respectively.

On seeing just about all of the uranium related shares listed above firming, I decided to take a small initial position in Areva on the basis that it is testing the lower side of its base and that the downside is quite likely to be fairly limited. I paid €3.1966 for a June 2011 contract including spread-bet dealing costs of €3.18.