PDN - Paladin Energy

[shag]

Re: PDN - Paladin Resources

So what is really wrong with this stock - I keep following it down, and it keeps going down. Luckily I pull some some profits on the rare occassions it makes a bit of headwind. Ho hum ...

Some downward pressure might be BHPs large upgrade to olympic dam, thus a lot more uranium on market in longer future.

 

[eMark]

Re: PDN - Paladin Resources

So what is really wrong with this stock - I keep following it down, and it keeps going down. Luckily I pull some some profits on the rare occassions it makes a bit of headwind. Ho hum ...

A few simple reasons

1. Ux price down a further $10
2. It's run pretty hard over the last 2 weeks, so some inevitable profit taking.
3. Market is at top again, general jitters creeping back in.

It appears to be following Kauri's chart pretty well.

 

[roland]

Re: PDN - Paladin Resources

Actually you are quite right - Kauri's chart does ease the nerves and puts it into perpective. Not all doom and gloom for PDN after all. It's hard not to bash your worst performing stock.

 

[Kauri]

Re: PDN - Paladin Resources

If she breaks down through the W1 high of $6.60 made on the 23rd of August the pattern I have been following will be invalid..
Cheers
..........Kauri

 

[eMark]

Re: PDN - Paladin Resources

If she breaks down through the W1 high of $6.60 made on the 23rd of August the pattern I have been following will be invalid..
Cheers
..........Kauri

Well it appears to have held for the week. Interesting though it didn't move a lot on Friday considering where the TSX.PDN was the night before. They're usually a dollar apart. Last nights finish for TSX.PDN was 6.27. That with PDN.AX Fridays finish of 6.82 has them only 55c apart. Is that signifigant?

I might stop posting on PDN until I'm convinced there is something REALLY happening.

 

[roland]

Re: PDN - Paladin Resources

If it were polite to swear, I'd be doing just that. Is this a buggered stock or what?

On a day where just about everything goes up - PDN falls. What else is new. PDN is bound to give me ulcers.

 

[Nyden]

Re: PDN - Paladin Resources

If it were polite to swear, I'd be doing just that. Is this a buggered stock or what?

On a day where just about everything goes up - PDN falls. What else is new. PDN is bound to give me ulcers.

If you go back a page or 2, you'll see that I sold for that very reason.
I sold at a loss, but - I feel the relief of no longer holding a dud outweighs that.

I officially am calling PDN a dog : I don't care what its past performance has been, or what its fundamentals / prospects are - fundamentals don't comfort you when the stock goes down for months at a time.

 

[voigtstr]

Re: PDN - Paladin Resources

If you go back a page or 2, you'll see that I sold for that very reason.
I sold at a loss, but - I feel the relief of no longer holding a dud outweighs that.

I officially am calling PDN a dog : I don't care what its past performance has been, or what its fundamentals / prospects are - fundamentals don't comfort you when the stock goes down for months at a time.

Doesnt it mean its simply a better buying opportunity when its low for a while. If the fundamental suggests it should be in the mid teens or higher (just an example) and its sitting on low 7's or high 6's, wouldnt you buy more of them?

 

[roland]

Re: PDN - Paladin Resources

Every Dog has it's day, just picked up a few more at 6.61 - at least it brings my average down to a more respectable level.

 

[voigtstr]

Re: PDN - Paladin Resources

Every Dog has it's day, just picked up a few more at 6.61 - at least it brings my average down to a more respectable level.

if you dont mind me asking, how big a parcel of shares did you get so that the extra brokerage isnt an issue.

Cheers
Simon

 

[roland]

Re: PDN - Paladin Resources

if you dont mind me asking, how big a parcel of shares did you get so that the extra brokerage isnt an issue.

Cheers
Simon

I buy 1,000 at a time, run my split to at least $0.25 brokerage is about $0.02 per transaction, so it has to move $0.04 before break even.

 

[rub92me]

Re: PDN - Paladin Resources

Doesnt it mean its simply a better buying opportunity when its low for a while. If the fundamental suggests it should be in the mid teens or higher (just an example) and its sitting on low 7's or high 6's, wouldnt you buy more of them?

That depends on what you call low. The last 6 months we have seen a downtrend, with a brief respite in September and now heading down again. If it doesn't hold around $6 then it could well fall back to long term support of $4. I have no idea whether that will happen or not, but on the other hand I don't see any short term reasons why this will all of a sudden turn around now and go back above $10 either.

 

[Kauri]

Re: PDN - Paladin Resources

Interesting to see if she moves up into a more complex W4 or even into a W5 from here... or if she moves down again to my stop at 5.59... the volume isn't giving much away yet..
Cheers
.........Kauri

 

[roland]

Re: PDN - Paladin Resources

Every Dog has it's day, just picked up a few more at 6.61 - at least it brings my average down to a more respectable level.

PDN sold yesterday at $7.00, will buy back if it gets below $6.70 again - have a ton above $7.00 mind you

 

[shag]

Re: PDN - Paladin Resources

for all its worth our fat profits had another fatawah? on them this week saying they were all good and such. went on about positive clearing of books and same for future production etc etc.
i just looked at the years graph, what a symetric hill. what a dog.
i got a lot of mine from the summit gold takeover too.
if i wasn't so lazy i'd sell the f@#kers.....

 

[roland]

Re: PDN - Paladin Resources

for all its worth our fat profits had another fatawah? on them this week saying they were all good and such. went on about positive clearing of books and same for future production etc etc.
i just looked at the years graph, what a symetric hill. what a dog.
i got a lot of mine from the summit gold takeover too.
if i wasn't so lazy i'd sell the f@#kers.....

if FAT said the opposite, the they would look pretty damn silly, since they have been spruking PDN forever - it seems. Uranium as a solution to Climate Change is getting lost amongst the other "Green" solutions.

 

[shag]

Re: PDN - Paladin Resources

if FAT said the opposite, the they would look pretty damn silly, since they have been spruking PDN forever - it seems. Uranium as a solution to Climate Change is getting lost amongst the other "Green" solutions.

yes thats true i guess, but bush has been pushing uranium more just recently.
i suspect olympic dam worries some more. i've got some bhp warrants but wish i had more of that and bmn etc rather than pdn. that and agm are my dogs.
the fat profits love gold more from my limited experience with them.
they need fusion eventually but harness the tidal process, solar, geothermal, wind etc in the meantime with loads of dodgy uranium energy to generate a hydrogen energy system.
i don't like the waste issue with uranium but i'm not quite that ethical presently.

 

[voigtstr]

Re: PDN - Paladin Resources

so paladin make a positive announcement (https://invest.etrade.com.au/Quotes...spx?symbol=PDN&tab=ASX Company Announcements#) and the market is marking them down for it? As I write they are at today's current low of 6.720. (we are an hour ahead so the time was 2:43ish)

 

[roland]

Re: PDN - Paladin Resources

so paladin make a positive announcement (https://invest.etrade.com.au/Quotes...spx?symbol=PDN&tab=ASX Company Announcements#) and the market is marking them down for it? As I write they are at today's current low of 6.720. (we are an hour ahead so the time was 2:43ish)

yes, most strange - happens a lot, good news, stocks go down, mediocre news, stocks zoom. I have a bid at $6.60

 

[eMark]

Re: PDN - Paladin Resources

TSX.PDN at close OCT 12 2007

Last Trade: 6.25
Trade Time: Oct 12
Change: +0.30 (5.04%)
Prev Close: 5.95
Open: 5.96
Bid: 6.25
Ask: 6.26