PDN - Paladin Energy

[Lachlan6]

Re: PDN - Paladin Resources

Tempted to call you crazy Kennas but will hold out until we see what eventuates : Bold buying when the stock is falling soo sharply. Me being a little more conservative will wait a while longer. When I refered to the stock as cheap, agreed PDN is not making any money YET, but great prospects. Moreso I meant it is cheap compared to what it was selling for earlier this year. I am waiting to scale into this when it turns around.

 

[Logique]

Re: PDN - Paladin Resources

8.50 down to 5.90 has a sniff of capitulation about it, like the general market.

This thing is way oversold on tech indicators and some adverse U sentiment. I wouldn't be surprised to see 5.30 either, but all the same, IMO anyone entering now will be feeling pretty pleased with themselves later in the year. Anything in range 5.00 - 5.30 is top up territory for me, if it gets that low.

 

[Sean K]

Re: PDN - Paladin Resources

Tempted to call you crazy Kennas but will hold out until we see what eventuates : Bold buying when the stock is falling soo sharply. Me being a little more conservative will wait a while longer. When I refered to the stock as cheap, agreed PDN is not making any money YET, but great prospects. Moreso I meant it is cheap compared to what it was selling for earlier this year. I am waiting to scale into this when it turns around.

I'M INSANE!!!!!!!!!!!!!!!!!!!!!!!!!! Aaaaggghhhh!!!!

For those that know how I invest, I short term trade, but also have long term investments. In fact, I have most of my $$ in managed funds, invested OS, where we can not reach, which has been a deliberate tactic over the past year or so. The Australian market has outperformed, and will inevitably pull back, IMO. I have 1/3 of my money invetsed in Japan which has performed terribly the past year, and cost me dearly. If I had have had my money invested in the 'YT Fund', I would be more retired than I am now....

So, I am in a position to make some long term calls now, while the market collapses. Not sure how far it will go, but I know, that quality stocks will reach all time highs again. One day! I hope!!!

 

[MegaV]

Re: PDN - Paladin Resources

WTF MAN!!!!
WTF!!!

I am haemorrhaging on this share!

the yanks better sort their **** out!

With most of the big finantial companies placing this share at $10.50 within the next 12 months, you can easily double your money!

 

[Gundini]

Re: PDN - Paladin Resources

8.50 down to 5.90 has a sniff of capitulation about it, like the general market.

This thing is way oversold on tech indicators and some adverse U sentiment. I wouldn't be surprised to see 5.30 either, but all the same, IMO anyone entering now will be feeling pretty pleased with themselves later in the year. Anything in range 5.00 - 5.30 is top up territory for me, if it gets that low.

Totally agree! This one has been severely punished and will be back with great gusto. I just don't like the negitive market sentiment and forces for the moment.

Also PDN is getting knocked around by its purchase of SMM which has been smashed due to the lack of liquidity, currently $2.90 after hitting $6.20 in April.

Surely there is only .50 downside in this ordinary marketplace, and if things start to improve, $5.90 does look exceptional value.

Just think of the "Street Cred" you will enjoy if you have nailed the bottom of this 4 month slippery slope Kennas, hehehe....

 

[Sean K]

Re: PDN - Paladin Resources

People, please, this is not 'undervalued', or a 'bargain' until anyone knows what they produce, and so far, to be quite frank, thay have failed!! They have NOT succeeded in their projections. If they come out with more 'ramp up problems' expect some more pain!!!

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

I've taken a bold punt here. Against my better judgement and general principles on investing.

Still could make $5.00 on the chart IMO, but that's not too far from where it is now. Outside BB, MACD looks disastrous, and oversold on Stochastics. First time I've bought any of this, which means it'll go to $3.00

Kennas,

I am baffled.

You claim you traded the stock and give a reason using confirming indicators when all they do is CONFIRM. But, they confirm going short.

Stochastics can stay over the touchdown line if under momentum - result redundant indicator.

BB, maybe a short term price advance enought to cover costs, maybe.

MACD, really is only worth a quick glance to CONFIRM.

Your first sentence is even more baffling.

regards
Snake

 

[Sean K]

Re: PDN - Paladin Resources

Kennas,

I am baffled.

You claim you traded the stock and give a reason using confirming indicators when all they do is CONFIRM. But, they confirm going short.

Stochastics can stay over the touchdown line if under momentum - result redundant indicator.

BB, maybe a short term price advance enought to cover costs, maybe.

MACD, really is only worth a quick glance to CONFIRM.

Your first sentence is even more baffling.

regards
Snake

Yep, I must be crazy! I'm baffled too. The story of a discretionary investor/trader.

Can you think of any rational reason why I have just done this?

It's somehow intuitive to me.....

Oversold? Long term success? Takeover target? I have equity to move? Belief in stronger for longer?

As I have said before, I'm not just a technical trader, I have most of my $$ in fundamental investments, it's just that I only put charts up here...

 

[spartn]

Re: PDN - Paladin Resources

I think you guys have realise the fact that the main reason the stock has been punished so severily is due to the fact the production was only 60% of it's expected figure, it's not just the fact that it is being oversold, the decrease in the share price are following the decrease in the production.

However the MD John Borshoff said that production would be as expected in 2008, so I believe it will be a great buy, but if people start looking at the fundamentals of this Company, you would have to ask yourself would people be willing to buy shares in a company with a PE ratio of 50 - 70.

Spartn

:viking:

P.S. I feel really sorry for the Summit Shareholders, they are the ones who have suffered the most with the drop in Paladin's share price

 

[Gundini]

Re: PDN - Paladin Resources

I definately don't think your purchase is crazy Kennas...

Technically, if you had waited, you may have got the stock 50 cents cheaper, but then again you may have missed out on this value price.

Fundumentally, it is an excellent purchase. At current prices PDN's infered resource are valued at around $21 Billion (USD) from memory, and with plenty of upside. That's around 5 times the companys value. Then there is SMM who has control Australia's 3rd largest 308 resource in the country, after BHP and Rio... PDN owns 80%.

And surely, PDN is becoming excellent value as a takeover target.

Add the other possible reasons for you purchase, and it makes plenty of sence! Best wishes, and I will be joining you shortly...

 

[drmb]

Re: PDN - Paladin Resources

People, please, this is not 'undervalued', or a 'bargain' until anyone knows what they produce, and so far, to be quite frank, thay have failed!! They have NOT succeeded in their projections. If they come out with more 'ramp up problems' expect some more pain!!!

I have been holding since last year but have been becoming increasingly anxious these last few weeks watching the wheels slowly falling off!!! To say the least!! But I bought last year with the intention of staying at least 2 years. . I think there is still too much potential in this company to let it go in such a volatile market and also think that today's panic may also have something to do with the ann today Areva has sought to intervene in the decision by SMM to drop litigation against PDN. It is in Areva's interest of course for SMM to pursue its majority shareholder in order to up the SMM holdings. Areva must be feeling a bit bitey having paid more than 6 bucks for SMM share, now to see it below 3. Hope that Areva fail of course since this all bites away at the pudding.

 

[shag]

Re: PDN - Paladin Resources

closed strong didn't it(compared to the day that is-down solidly all day).
shot up fast in last minute/s. seemed like good numbers too.

 

[Ken]

Re: PDN - Paladin Resources

Everyone who holds PDN is doomed.

For no other reason that I purchased today in the $5.80's.

So get the shorts on PDN now that I hold some shares in them.

 

[Fab]

Re: PDN - Paladin Resources

Everyone who holds PDN is doomed.

For no other reason that I purchased today in the $5.80's.

So get the shorts on PDN now that I hold some shares in them.

This stock sounds very cheap to me now that is worth less than $6 as they paid more than that to get SMM. So basically if you buy PDN today you get it for less than the price of SMM pretty good I think as PDN itself is already a U producer.

 

[barney]

Re: PDN - Paladin Resources

Yep, I must be crazy! I'm baffled too. The story of a discretionary investor/trader.

Can you think of any rational reason why I have just done this?

It's somehow intuitive to me.....

Oversold? Long term success? Takeover target? I have equity to move? Belief in stronger for longer?

As I have said before, I'm not just a technical trader, I have most of my $$ in fundamental investments, it's just that I only put charts up here...

Hey Kennas, I think your "gut feel" is about as good as anyones, so I think your buying was very justified ................ I reckon there will be a lot of punters thinking exactly the same thing very shortly !!! ............ The very "large volume" trading started on PDN back in late October 2006 at around $5.50, so to me, we are getting very close to a "low as it goes" scenario .................. I won't be far behind you on re-entering, and I suspect the rise (when it happens), will be sharp and swift ............. "The early bird catches the worm", so to speak ............... Cheers.

 

[Ken]

Re: PDN - Paladin Resources

It may sound stupid, but is it possible that this stock needed to scare a few people off by having a correction.

It did not reach $10 without volatility.

Is it possible that a correction down from $10 is just setting PDN up for its next leg up....

I am no chartist, but your ZFX's, and FMG, wasn't all smooth sailing I wouldn't have thought.

PDN just seems one of the glamour stocks of the mining boom.


If you asked me if PDN could get from $10 to $15 at the start of the year I probably would have said yes. Considering its history... I just didn't expect it to go under $6 again.

Time will tell...

Refer to the ERA chart and PDN is not too different.... as time goes on the movements up and down are going to increase....

 

[nizar]

Re: PDN - Paladin Resources

PDN was struggling and in a solid downtrend long before this correction took place.

The past few months have seen several stocks soar, as the index reached yet another new high of 6400ish YET for once, PDN was not leading the way.

Its usually swift to recover from corrections but it still hasnt recovered from the Feb correction.

Looks like a dog to me, or as Gekko would say, a dog with fleas

Kennas, i thought you would know better

 

[Sean K]

Re: PDN - Paladin Resources

Kennas, i thought you would know better

Yep, I think I was drunk last night when I made this trade. This time zone thing is a killer!! I might short it today.

 

[barney]

Re: PDN - Paladin Resources

PDN was struggling and in a solid downtrend long before this correction took place.

The past few months have seen several stocks soar, as the index reached yet another new high of 6400ish YET for once, PDN was not leading the way.

Its usually swift to recover from corrections but it still hasnt recovered from the Feb correction.

Looks like a dog to me, or as Gekko would say, a dog with fleas

Kennas, i thought you would know better

On face value you're dead right Niz, ............... Don't discount the theory it might be one of those "sleeping dogs" ................ Might just need a little tap with a stick to wake it up :horse: ................ Seemed to be solid accumulation at the end of trade, but looks like it could test a bit lower in the short term ................ worth watching imo .....

PS. Don't short it Kennas ...... It'll go up for sure !!

 

[Fab]

Re: PDN - Paladin Resources

Yep, I think I was drunk last night when I made this trade. This time zone thing is a killer!! I might short it today.

Well done kennas for buying PDN at this level. I think it is a bargain at this price and with the jump of the DOW overnight this I believe will be a turning point for PDN. I can't imagine it staying at a price lower than what they offered to get SMM