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Re: PDN
in my previous thread i meant the price going above 2:15.. not 2:05
in my previous thread i meant the price going above 2:15.. not 2:05
PDN - Paladin Energy
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Kauri
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Re: PDN
I was on yesterday ( on anticipation of triangle break ) at $2.01 via cfd's @ 10%, out today at $2.20.. if it comes back to the $2.14 support and looks like moving up from it I may take another bite.
keepitreal said:
I was on yesterday ( on anticipation of triangle break ) at $2.01 via cfd's @ 10%, out today at $2.20.. if it comes back to the $2.14 support and looks like moving up from it I may take another bite.
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Re: PDN
Kauri, do you find CFD's much better than trading the actual stock?
i have got into CFD's yes but i'm think about it.
Kauri, do you find CFD's much better than trading the actual stock?
i have got into CFD's yes but i'm think about it.
Kauri
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Re: PDN
When CFD's are available in a stock that I am very confident of and I am looking to capture a quick, relatively small s/p movement I use them, both long and short, to lever a small gain into a larger one. I use very tight stops, watch it on an intra day chart, never get greedy, and rarely stay in overnight and never over weekends. Leverage can mean massive losses, especially in the current market. I don't mind a punt on the horses, but never on the stock market.
keepitreal said:
When CFD's are available in a stock that I am very confident of and I am looking to capture a quick, relatively small s/p movement I use them, both long and short, to lever a small gain into a larger one. I use very tight stops, watch it on an intra day chart, never get greedy, and rarely stay in overnight and never over weekends. Leverage can mean massive losses, especially in the current market. I don't mind a punt on the horses, but never on the stock market.
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Re: PDN
Uranium up 6% this month.
Uranium up 6% this month.
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Re: PDN
Prophet,
Would you be able to let me know where you got that stat from? I am following another stock (CMR) and would like to know.
Cheers.
Prophet,
Would you be able to let me know where you got that stat from? I am following another stock (CMR) and would like to know.
Cheers.
Kauri
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Kauri
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Re: PDN
PDN has, according to my charting, followed a parabola twice recently on breaking from a triangle.. ( chart in post 19 in this thread ). It may be shaping up to do it again. Also, a slim possibilty, but she may use the triangle as a short term reversal along the lines of RSG. ( I am biased as I have a small holding in my med. term portfolio picked up on 21 Oct on the strong bounce from med term trend line,as seen on chart in post 19 )
PDN has, according to my charting, followed a parabola twice recently on breaking from a triangle.. ( chart in post 19 in this thread ). It may be shaping up to do it again. Also, a slim possibilty, but she may use the triangle as a short term reversal along the lines of RSG. ( I am biased as I have a small holding in my med. term portfolio picked up on 21 Oct on the strong bounce from med term trend line,as seen on chart in post 19 )
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Re: PDN
missed out on the rise again....pooo....oh well - next time perhaps.
results of their recent resource drilling at Langer (about 12km worth of drilling) is supposed to be announced in 'early Nov', which might explain the rise in sp over past week or so........as it is expected that the results will increase the overall resource base......
missed out on the rise again....pooo....oh well - next time perhaps.
results of their recent resource drilling at Langer (about 12km worth of drilling) is supposed to be announced in 'early Nov', which might explain the rise in sp over past week or so........as it is expected that the results will increase the overall resource base......
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Re: PDN
Whats the deal PDN, a good report comes out as well as uranium prices rising.. good technicals too but people are selling.. Is there something I'm missing or are people just selling the news?
Whats the deal PDN, a good report comes out as well as uranium prices rising.. good technicals too but people are selling.. Is there something I'm missing or are people just selling the news?
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Re: PDN
An ann with a possible increase to thier U resource has been talked about for a while, with nice run up to ann....
just the usual sell on fact scenario i'd suspect.. seemed like a good ann though once its processed and short term profits are taken great chance it will head north stongly again.. imho
all guesses though
An ann with a possible increase to thier U resource has been talked about for a while, with nice run up to ann....
just the usual sell on fact scenario i'd suspect.. seemed like a good ann though once its processed and short term profits are taken great chance it will head north stongly again.. imho
all guesses though
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Re: PDN
there wasn't too much volume.. as long as it stays above the 212 mark it should be alright.
i got a good feeling about it still.. i got in at 222 on friday
there wasn't too much volume.. as long as it stays above the 212 mark it should be alright.
i got a good feeling about it still.. i got in at 222 on friday
GreatPig
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Re: PDN
Got it wrong again, Dad
Bought PDN a couple of days ago for $2.55. Yesterday it dropped 9.4% to $2.31. This morning it hovered around there for a while, going down a little then up a bit then down again, so I sold when they were $2.32, fearing they might fall further.
Right now they're $2.60
A 9% loss in two days, when if I'd held them for another few hours I'd now be sitting on a 2% gain.
When there's only two possible ways something can go, why is there a 95% chance of picking the wrong direction?
Cheers,
GP
Got it wrong again, Dad
Bought PDN a couple of days ago for $2.55. Yesterday it dropped 9.4% to $2.31. This morning it hovered around there for a while, going down a little then up a bit then down again, so I sold when they were $2.32, fearing they might fall further.
Right now they're $2.60
A 9% loss in two days, when if I'd held them for another few hours I'd now be sitting on a 2% gain.
When there's only two possible ways something can go, why is there a 95% chance of picking the wrong direction?
Cheers,
GP
michael_selway
Coal & Phosphate, thats it!
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Re: PDN
hehe yeah happens all the time
btw it seems to have formed a double bottom PDN
GreatPig said:Got it wrong again, Dad
Bought PDN a couple of days ago for $2.55. Yesterday it dropped 9.4% to $2.31. This morning it hovered around there for a while, going down a little then up a bit then down again, so I sold when they were $2.32, fearing they might fall further.
Right now they're $2.60
A 9% loss in two days, when if I'd held them for another few hours I'd now be sitting on a 2% gain.
When there's only two possible ways something can go, why is there a 95% chance of picking the wrong direction?
Cheers,
GP
hehe yeah happens all the time
btw it seems to have formed a double bottom PDN
Prospector
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Re: PDN
I think you sold on a day when everything was going south! Your initial assessment was good - PDN, after some recent dips to around $1.80, will surge. You bought in on the surge up so that is OK. Then on 1 day everything fell, so you panicked and sold! That might have continued the next day too, and if it had, you correctly 'stopped your loss' so that would have been the right thing to do. Except, during the night the US markets improved again on good financials, so instead of continuing the downward trend most stocks in the ASX rebounded and continue to do so today.
You need to isolate the general company trend (eg uranium company and uranium is now positive) from the general market trend. If you are confident in the company you bought in to, then you have to try and ignore (to some extent) what the overall market is doing. On days like Wednesday I dont look at the market at all or else I might have sold the lot!
(I should add I have held PDN from the time they were 11c and have watched it during the peaks and troughs and feel like I know it pretty well now!)
GreatPig said:Got it wrong again, Dad
Bought PDN a couple of days ago for $2.55. Yesterday it dropped 9.4% to $2.31. This morning it hovered around there for a while, going down a little then up a bit then down again, so I sold when they were $2.32, fearing they might fall further.
Right now they're $2.60
A 9% loss in two days, when if I'd held them for another few hours I'd now be sitting on a 2% gain.
GP
I think you sold on a day when everything was going south! Your initial assessment was good - PDN, after some recent dips to around $1.80, will surge. You bought in on the surge up so that is OK. Then on 1 day everything fell, so you panicked and sold! That might have continued the next day too, and if it had, you correctly 'stopped your loss' so that would have been the right thing to do. Except, during the night the US markets improved again on good financials, so instead of continuing the downward trend most stocks in the ASX rebounded and continue to do so today.
You need to isolate the general company trend (eg uranium company and uranium is now positive) from the general market trend. If you are confident in the company you bought in to, then you have to try and ignore (to some extent) what the overall market is doing. On days like Wednesday I dont look at the market at all or else I might have sold the lot!
(I should add I have held PDN from the time they were 11c and have watched it during the peaks and troughs and feel like I know it pretty well now!)
GreatPig
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Re: PDN - Paladin Resources
Now a couple of days later, just to rub salt into the wound, they're around $2.90
Heh... I know how to stop it. Perhaps I'll buy again...
Cheers,
GP
Now a couple of days later, just to rub salt into the wound, they're around $2.90
Heh... I know how to stop it. Perhaps I'll buy again...
Cheers,
GP
michael_selway
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Re: PDN - Paladin Resources
hehe
funny thing might be it may then drop back down to $2.50, then what do u do?
GreatPig said:Now a couple of days later, just to rub salt into the wound, they're around $2.90
Heh... I know how to stop it. Perhaps I'll buy again...
Cheers,
GP
hehe
funny thing might be it may then drop back down to $2.50, then what do u do?
Re: PDN - Paladin Resources
i reckon pdn is a great stock 2 own for the long-term..
last week they released an announcement that they have a contract to supply a US company with uranium from Langer Heinrich...
these contracts will continue to flow no doubt btw now and september 2006, which is wen production starts and PDN will no longer be just an "explorer"...
the only thing abt PDN is that when it goes up, it goes up like 5% per day, but when it falls it really falls.. in october correction market fell about 7-8%, whilst PDN sp fell almost 40%..
so im kinda waiting for a correction, but u never know maybe PDN will be $4 by the time the market corrects and fall back to $2.90, which is where its at 2day....
GreatPig, if u wanna buy this one, hold on to it, in my opinion (from wat iv read about nuclear energy and also langer heinrich is the first new mine 2 open 4 a while and uranium demand will exceed supply at least until 2008)...itll b a winner in the long run..
i reckon pdn is a great stock 2 own for the long-term..
last week they released an announcement that they have a contract to supply a US company with uranium from Langer Heinrich...
these contracts will continue to flow no doubt btw now and september 2006, which is wen production starts and PDN will no longer be just an "explorer"...
the only thing abt PDN is that when it goes up, it goes up like 5% per day, but when it falls it really falls.. in october correction market fell about 7-8%, whilst PDN sp fell almost 40%..
so im kinda waiting for a correction, but u never know maybe PDN will be $4 by the time the market corrects and fall back to $2.90, which is where its at 2day....
GreatPig, if u wanna buy this one, hold on to it, in my opinion (from wat iv read about nuclear energy and also langer heinrich is the first new mine 2 open 4 a while and uranium demand will exceed supply at least until 2008)...itll b a winner in the long run..
Prospector
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Re: PDN - Paladin Resources
Did you see how the sp FELL after the good announcement this afternoon - talk about instances of insider trading after its rises of the last few days :swear:
Did you see how the sp FELL after the good announcement this afternoon - talk about instances of insider trading after its rises of the last few days :swear:
GreatPig
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Re: PDN - Paladin Resources
<sigh> ... $3.35 now.
Talk about the fish that got away.
GP
<sigh> ... $3.35 now.
Talk about the fish that got away.
GP
