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?
Gurgler
Could you please tell me what is MACD? Excuse my ignorance.
Also you said a quarterly report is out today?
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
](doesn't have those hedged Uranium prices that the other miners have)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.
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.
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.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.
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.
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