PDN - Paladin Energy

[dlineinvestor]

Re: PDN - Paladin Resources

It might be too early to mention but to all PDN holders/traders the s/p should strengthen from here Based on Fib retracements ... end of day above 9.35 would be a good sign. Should PDN immed.. go onto another acquistion then we will be in a different kettle.
S/p well positioned to surge on any good uranium news.
Long term a great pick.

 

[Sean K]

Re: PDN - Paladin Resources

It might be too early to mention but to all PDN holders/traders the s/p should strengthen from here Based on Fib retracements ... end of day above 9.35 would be a good sign. Should PDN immed.. go onto another acquistion then we will be in a different kettle.
S/p well positioned to surge on any good uranium news.
Long term a great pick.

I think $9.00 might be a better point to start thinking about potential bottoms.

Can you paste a chart with your fib points on it? Thanks.

 

[R0n1n]

Re: PDN - Paladin Resources

guys, how did u calculate Fib levels ?

 

[professor_frink]

Re: PDN - Paladin Resources

guys, how did u calculate Fib levels ?

This will give you some examples of calculating fib levels

http://www.tradejuice.com/fibonacci/intro-to-fibonacci-nh.htm

 

[ozeb]

Re: PDN - Paladin Resources

Hi guys- i posted this in beginners lounge but was thought ppl in here might know what i am trying to say a bit better.

I understand that Summit resources has agreed with PDN for the take over.
I have purchased some Summit shares since the agreement (basically as I forgot to remove it from my outstanding list)
I am wondering if I am :
a) allowed to sell these shares to PDN at their new offer price
b) still hold on to them, and if I do, what happens to them after April 27th when PDN has closed their offer period

and what normally happens to people who still hold shares of a company which has been taken over but have not sold it to the new company?

Please help

 

[jammin]

Re: PDN - Paladin Resources

Kennas, The double top you describe as "pretty ugly" is of course relative to ones current holdings. Having only recently got onto the PDN train, long at $10.20, IMHO that double top looks positively hiddeous.

 

[dlineinvestor]

Re: PDN - Paladin Resources

Kennas,
It's looking more like a lower re-entry level as the day wears on. I'm long at the moment and holding with CFD's.
Not sure how to post charts (anyone feel free to PM me on how it's done)
I just hope that no other aquisitions are ann... soon as I'm under the impression that further share dilution will occur. Some recent drilling news
"Major Drilling Program underway at Bigrlyi Uranium Project
Located in the N/T 390km N/W of Alice Springs and is a joint venture of Paladin Resources. In March 2007 an increase of 26% in uranium deposit was found at 43 drill holes."http://www.asx.com.au/asxpdf/20070419/pdf/31209002qlrcch.pdf

 

[Sean K]

Re: PDN - Paladin Resources

Not sure how to post charts (anyone feel free to PM me on how it's done)

https://www.aussiestockforums.com/forums/showthread.php?t=6530

 

[dlineinvestor]

Re: PDN - Paladin Resources

$9.08 is the 50% fibonacci retracement level. A drop below this could signal a drop into the blue area. Volume is still increasing on the downward movement and a long entry now would be premature. Short term Paladin could be boosted with some good news.

 

[Sean K]

Re: PDN - Paladin Resources

$9.08 is the 50% fibonacci retracement level. A drop below this could signal a drop into the blue area. Volume is still increasing on the downward movement and a long entry now would be premature. Short term Paladin could be boosted with some good news.

Thanks dline. This levels out with the $9.00 support line, so I'd expect it to at least pause there, pending a crash.

 

[nizar]

Re: PDN - Paladin Resources

Kennas i love your quote bro, its one of my favourites...
I need to watch wall street again, so i can be inspired.....

 

[Sean K]

Re: PDN - Paladin Resources

Kennas i love your quote bro, its one of my favourites...
I need to watch wall street again, so i can be inspired.....

LOL. I had it playing over and over again today in the background. It inspired me. Gotta love those blue screens.

Would GG buy PDN at the moment? hmmmm, maybe not. Or, is it wreckable?

 

[R0n1n]

Re: PDN - Paladin Resources

Hey dlineinvestor,

What software did u use to draw that chart?

thanx.

 

[rederob]

Re: PDN - Paladin Resources

Only good time to buy a good stock is when it's cheap.
It's cheap.
I bought another 2k.
Reckon it's the easiest plus 20% gain I will make without a worry this year.
PDN was about $10.50 when uranium prices were around 75 cents - so we have a 50% gain in the uranium price, and a 10% fall in PDN's price.
The maths are compelling.

 

[dlineinvestor]

Re: PDN - Paladin Resources

Hey dlineinvestor,

What software did u use to draw that chart?

thanx.

I use Bourse Live Data charting software, you don't see many Bourse users posting their charts as I've found out it's not a straight forward procedure but if other users would like to know how I'll post a step by step.
In regards to Paladin ... if no other factors like Asian market crashes or a large Brokerage house going bust then I would think the S/p should recover very soon. I'll wait for mid to high 8's before another entry. However as I've mentioned if PDN announces another target then...........hang on because the share may get diluted even more which is exactly what happened this time. Nothing wrong with the company or production just the market's perception that it's vulnerable at the moment.
News of some company in China wanting to secure an Australian Uranium miner would be nice

 

[GRTRADER]

Re: PDN - Paladin Resources

I wouldnt be surprised if we do see the Chinese sniffing around some more Aus uranium miners. Companies like PDN, DYL, WMT etc are probably quite cheap for them given the returns they could make with uranium at the prices it is these days

 

[Fab]

Re: PDN - Paladin Resources

I wouldnt be surprised if we do see the Chinese sniffing around some more Aus uranium miners. Companies like PDN, DYL, WMT etc are probably quite cheap for them given the returns they could make with uranium at the prices it is these days

Good point so I can see PDN buying DYL as it has got already 11%

 

[dlineinvestor]

Re: PDN - Paladin Resources

PDN making a nice recovery this avo, a drop in volume could signal some profit taking later in the day but much better than those dreaded 8's. Hope you topped up

 

[GRTRADER]

Re: PDN - Paladin Resources

Yeah I hope no one on the forum sold out when it dipped below $9.

Thats the problem I see with stop losses - they could have been triggered by that and then a couple of hours later the stock has shot up. Better to just keep a close eye on things and evaluate it yourself imo.

 

[UraniumLover]

Re: PDN - Paladin Resources

PDN up 4.52 % on TSX. Should be massive day for u stocks tomorrow.