Show I Stocks Show Revival From Recent Slump Uranium stocks which have been slumping for several weeks took an upward turn Wednesday morning along with the Wall WallStreet WallStreet WallStreet Street market and hope was expressed expressed expressed ex ex- ex- ex pressed here that the upturn would prove permanent Bruce Armstrong of Guss Securities Securities Securities Se Se- placed the bulk of the blame of the slump on two factors both the recent hearings on penny uranium stocks brought about by bya a blast from Wall Street and on the small investor h him himm m self The market leaders in Wall WallStreet WallStreet WallStreet Street issued a general warning note Dote to investors that uranium stocks were bad buys and brought on the proba probe by congress which resulted in recent hearings in Denver and Salt Lake City Armstrong also pointed out that much of the blame lay in the small investor who a rich get quick plan from uranium stocks and when the slump first became evident these Investors dumped on the market and this confusion only added to the decline Armstrong also showed how this worked a hardship on the small company operators who were usIng using using us- us ing the money for exploration pur pur- poses Armstrong said that much of the fault was in that investors did not read the brochures of such companies which state according to law that the company has no uranium but hopes to find it Such Investments are purely speculative speculative spec spec- and sometimes prove good buys As a remedy Armstrong suggested suggest suggest- I ed that the investor hold his stocks at least six months before turnIng turning turning turn turn- ing loose and give the company a fair chance to prove its property Armstrong did stress that such stocks were not an Investment designed de deg signed for those with limited means because of this speculative element |