PDN - Paladin Energy

[Gurgler]

Re: PDN - Paladin Resources

You would think it has to hold the $9 level, or next stop around the $8 mark.

I would think resistance would more likely be $8.50, but possibly there will be something in today's quarterly report that will encourage a change in sp direction. Is this MACD about to turn?

 

[eMark]

Re: PDN - Paladin Resources

I would think resistance would more likely be $8.50, but possibly there will be something in today's quarterly report that will encourage a change in sp direction. Is this MACD about to turn?

Gurgler

Could you please tell me what is MACD? Excuse my ignorance.

Also you said a quarterly report is out today?

 

[Gurgler]

Re: PDN - Paladin Resources

Gurgler

Could you please tell me what is MACD? Excuse my ignorance.

You're not the only one in the dark: I'm no expert. Here's a definition from: http://www.technicalindicators.com/techexpl.htm

MOVING AVERAGE CONVERGENCE/DIVERGENCE (MACD):

This is a simple convergence of two moving averages, i.e., the average price line for the past week crossing over (either up or down) the average price line for the past two weeks. A rising MACD indicates the shorter average is crossing over the longer average, thus indicating a rising price.

As the price falls back the shorter price line will decline towards the longer average. When the lines meet it is considered neutral - a decline below neutral usually indicates a short term declining trend.

This indicator is best used when confirmed by other indicators.

Occasionally we will call this neutral if there is very little difference between the two averages or if no trend is discernible.

Actually, on reflection, the Stochastic may indicate the stock is oversold. I'm still very much feeling my way with these indicators.

Also you said a quarterly report is out today?

Yes, according to FN Arena the Jan-Mar report is due today..

 

[dlineinvestor]

Re: PDN - Paladin Resources

May 14 th 11:21 am
No long confirmation yet...
Need volume of 2 mill and any type of bullish candle today to get closer to the first signal level of 9.35, then on to breakout at 9.60.
If 9.35 to 9.60 is reached with good volume PDN could be on it's way. Good news would also confirm this move.
Slow Stochastic declining.
Wait.

 

[Go Nuke]

Re: PDN - Paladin Resources

Looks like your candle barely grew much today.

I also think once this business with Summit is all taken care of, PDN will be underway again.
eMark, Im reletively new to shares but I cant see what would potentialy stop PDN {or BMN} for looking like a ERA in the future.
Paladin has a great Uranium mine in a low cost nation and the way I see things, unlike other commodities like Nickel etc, I believe the world will increasingly need more and more energy. Now we all know that so many counteries are turning to nuclear power including our own {and Iran unfortunately} though i could see an oversupply of other commodoties when building etc starts to slow.

The chinese economy surley cant keep its growth going at the rate it is has been without having a meltdown in the near future if its not brought into check.

So what my thoughts are is that there will eventually be an oversupply of materials like nickel in the fututre, but I just cant see the same happening for Uranium for some time yet.

Im happy to be apart of PDN {through the SMM takeover}.
Actually my biggest worry at the moment...would be the Dow Jones! It seems to have so much influence over the market and has had an awesome bull run lately. Im just worried what it going to do to my other stocks when it starts to come down *Going by my charts and the MACD line*

Best of luck mate

 

[eMark]

Re: PDN - Paladin Resources

Actually my biggest worry at the moment...would be the Dow Jones! It seems to have so much influence over the market and has had an awesome bull run lately. Im just worried what it going to do to my other stocks when it starts to come down *Going by my charts and the MACD line*

Best of luck mate

Thanks Go Nuke on your thoughts. I agree, the DOW, and the inevitable correction, May, June, July who cares, it will come........has the potential to rip a couple of dollars of PDN's share price because of the sometime speculative nature of this stock.

Although we are sitting at low 9's now rather than high 10's, so it's been given a beating anyway over the last few weeks, regardless of the market heading north. I still don't know whether that would be enough to protect it from another overall correction, it's just a lower base to fall from. That would hurt me, but if I could just come to terms with the fact that long term it won't really matter, (you just hold, and miss out on a lower entry point)..........Or, this stock will dance upwards in very near future, who knows?

 

[Go Nuke]

Re: PDN - Paladin Resources

Thats true mate you just dont know!

I got alittle burnt just recently when i thought BMN would rocket upwards when the released their initail resource estimate......in fact...it hit a low of something like $3.12 {something like that} from the $3.47 that i bought some short tem shares at

I guess Im not too worried because I KNOW they will get them to where I want..but the market is so strange sometimes.
Even with fantastic news the SP can still go any which way.

Personaly though I see that on the 5th of March the DOW hit a big low of $120.3. If you compare that to PDN it also hit a huge low of $7.45. Oh how I wish i had the money to buy in at that price.
Therefore I dont think its out of the question for PDN to drop low like this again if the DOW ...sorry WHEN the DOW has another correction.

But I would DEFINITELY not be selling. PDN has a long way to go yet and doesn't have those hedged Uranium prices that the other miners have. They will be able to take advantage of the increasing U price i believe.

**Then again, I might be bias becasue Im not trading for short term gains.** {Except my BMN stuff up}

 

[champ2003]

Re: PDN - Paladin Resources

Thats true mate you just dont know!

I got alittle burnt just recently when i thought BMN would rocket upwards when the released their initail resource estimate......in fact...it hit a low of something like $3.12 {something like that} from the $3.47 that i bought some short tem shares at

I guess Im not too worried because I KNOW they will get them to where I want..but the market is so strange sometimes.
Even with fantastic news the SP can still go any which way.

Personaly though I see that on the 5th of March the DOW hit a big low of $120.3. If you compare that to PDN it also hit a huge low of $7.45. Oh how I wish i had the money to buy in at that price.
Therefore I dont think its out of the question for PDN to drop low like this again if the DOW ...sorry WHEN the DOW has another correction.

But I would DEFINITELY not be selling. PDN has a long way to go yet and doesn't have those hedged Uranium prices that the other miners have. They will be able to take advantage of the increasing U price i believe.

**Then again, I might be bias becasue Im not trading for short term gains.** {Except my BMN stuff up}

](doesn't have those hedged Uranium prices that the other miners have)
Actually PDN is 50% hedged as far as i know.

 

[Go Nuke]

Re: PDN - Paladin Resources

Would people agree that $9 would be good support for PDN?

Definitely going into oversold territory now!

 

[Go Nuke]

Re: PDN - Paladin Resources

](doesn't have those hedged Uranium prices that the other miners have)
Actually PDN is 50% hedged as far as i know.

Sorry Champ you are probably right.
Do you know what they are selling their Uranium for?
Im sure it will be more than ERA is locked in at

 

[eMark]

Re: PDN - Paladin Resources

Paladin Announces Third Quarter Financial Results to March 31, 2007

Just announced prior to the TSX opening. So far it doesn't look like the market likes it a whole lot.

Down 29c so far.

Had a look through the report (yes I'm awake, working the night shift, yes working, as in till 7.30am) and this is what I found.

"Production to the end of June is expected to be in the vicinity of 400,00lbs to 600,000lbs, with the drop in stated production due to the downtime experienced in the early ramp-up phase in January and February".

Damn, and I was looking for some good news to prop this stcok up.

 

[drmb]

Re: PDN - Paladin Resources

Paladin Announces Third Quarter Financial Results to March 31, 2007 Just announced prior to the TSX opening. So far it doesn't look like the market likes it a whole lot. Down 29c so far. Had a look through the report (yes I'm awake, working the night shift, yes working, as in till 7.30am) and this is what I found.
"Production to the end of June is expected to be in the vicinity of 400,00lbs to 600,000lbs, with the drop in stated production due to the downtime experienced in the early ramp-up phase in January and February". Damn, and I was looking for some good news to prop this stcok up.

Just sitting in Frankfurt airport waiting for the SQ to Singa and noticed PDN.TO down 5% Toronto 2pm, seems like the Canucks have spotted that line as well. Hoping that once SMM business is finished then we can get going again. But may be starting from a new base.

 

[eMark]

Re: PDN - Paladin Resources

Just sitting in Frankfurt airport waiting for the SQ to Singa and noticed PDN.TO down 5% Toronto 2pm, seems like the Canucks have spotted that line as well. Hoping that once SMM business is finished then we can get going again. But may be starting from a new base.

Yes, it's not pretty at all, and doesn't hold well for our market today. I hold PDN, so I'm not looking for a new entry point as such, but rather watching my self drift away from my BUY.

Last Trade: 7.97 on TSX
Trade Time: 2:42PM ET
Change: Down 0.52 (6.12%)

 

[Gurgler]

Re: PDN - Paladin Resources

Whoa! Opened 8.82, quickly down to 8.51 - and bounced a little (and the market down only 33 points). Where to from here? Could be an interesting day!

 

[Kauri]

Re: PDN - Paladin Resources

Possibly a bit early yet, but may be a good place to start looking for a bottom?? Vol and price action should give a clue over the next couple of days..

 

[chance fate]

Re: PDN - Paladin Resources

..was there really anything in the report that the market didn't know already... ? perhaps there was a desire to read something that the market could use as a trigger for upward movement... in the absense of that it would be easy to be bearish...

 

[dlineinvestor]

Re: PDN - Paladin Resources

Was awfully tempted to go in @ low this morning.
Accumulating now could be a strategy if your pockets are deep enough.
There will be plenty of $ gains when this one gets back on it's trend.
Waitng now for break out confirmation.

 

[thierry]

Re: PDN - Paladin Resources

There was good support @ 8.50...

next few days should be interesting..

Could be a good buying oppurtunitiy again...

 

[doyoureallycare]

Re: PDN - Paladin Resources

Can I ask a question to Paladin Shareholders?

Did any shareholders ask Paladin why they invested more cash into Deep Yellow?

I'm curious.

 

[the barry]

Re: PDN - Paladin Resources

Paladin Announces Third Quarter Financial Results to March 31, 2007

Just announced prior to the TSX opening. So far it doesn't look like the market likes it a whole lot.

Down 29c so far.

Had a look through the report (yes I'm awake, working the night shift, yes working, as in till 7.30am) and this is what I found.

"Production to the end of June is expected to be in the vicinity of 400,00lbs to 600,000lbs, with the drop in stated production due to the downtime experienced in the early ramp-up phase in January and February".

Damn, and I was looking for some good news to prop this stcok up.

Interestingly, in the long run provided the spot price keeps going up, the longer it takes paladin to get to full production the better it will be for the share price in the long run. Thats making a big assumption that the spot price will keep going up.