Hammered 3 times, new bear markets, time to buy?

I have a quick pick today that I have put a little bit of money in. The company is called Uranium One. It's based in Canada and is involved in the exploration and development of properties for the production of uranium.

I have been expecting a correction in the world markets for a few months now and I was hoping UUU would get hit again which would make it the third big drop on what I think is a highly promising growth pick for 2008. So I was glad when it did because I think if you have a good stock and it gets hit three times badly then that is the time to think about buying.

It hasn't had much time to base yet and I can see this stock going to 5 which would provide a great buying point in my view but at just over 7 I don't think it has too much further to fall.

The reason I think this will outperform the markets is because Uranium prices should go into orbit as people start to realise the seriousness of peak energy and our current reliance on fossil fuels that are relatively close to running out like coal and oil.

I would love to see some real advances in nuclear fusion provided it is a cost effective method of energy generation I think that has to be the future although it's clear the word nuclear could do with a rebranding exercise if the public are to gain faith in fusion.

In the meantime buy this company the technical reason why is the huge volume of interest around the 10 price point. Those buyers have deep pockets and I can't imagine they will let this sink to nothing so the only way from here after a bit of time to stabalise is up.