PDN - Paladin Energy
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Re: PDN - Paladin Resources
I'm with you fab, sold yesterday @5.17, If cant get above 5.20-5.22 for 4 days, with close lower than open, even with market trending up, thats strong resistance. Thought If It bracks 5.25 Ill buy back in, Even with Oscillator & MACD rolling over - starting to trend down. Now its brocken maybe 5.20 is now short term support? Aprils highs were bought on by Chines president visiting & 31/08 high was fund 500,000 shares @ close. my first post, good trading all.
I'm with you fab, sold yesterday @5.17, If cant get above 5.20-5.22 for 4 days, with close lower than open, even with market trending up, thats strong resistance. Thought If It bracks 5.25 Ill buy back in, Even with Oscillator & MACD rolling over - starting to trend down. Now its brocken maybe 5.20 is now short term support? Aprils highs were bought on by Chines president visiting & 31/08 high was fund 500,000 shares @ close. my first post, good trading all.
Re: PDN - Paladin Resources
Gritz,
I am kind of undecided on this one. I had a couple of sell order at 5.40 that I cancelled. I was thinking to sell around 5.20 and buy back at around $4 as this seems to be where PDN has been trading recently nevertheless I believe their mine is plan to go in prod at the beginning of December which in my opinion should push the share price higher.
I don't really want to be in a position where I sold to early so as I believe pdn has great potential. Basically their management seems to be top class and having a mine in Africa with little regulation let them do what they want.
Sounds a pretty good deal to me.
Gritz,
I am kind of undecided on this one. I had a couple of sell order at 5.40 that I cancelled. I was thinking to sell around 5.20 and buy back at around $4 as this seems to be where PDN has been trading recently nevertheless I believe their mine is plan to go in prod at the beginning of December which in my opinion should push the share price higher.
I don't really want to be in a position where I sold to early so as I believe pdn has great potential. Basically their management seems to be top class and having a mine in Africa with little regulation let them do what they want.
Sounds a pretty good deal to me.
Re: PDN - Paladin Resources
Hi Fab, thanks for reply, totally agree with all. Including timing (ASX news 28/06) commencement of commissioning achieved one month early (how unusual is that, great management). Completion due late Dec. bring that forward a month, want to back in first week Dec. latest. Dont like selling PDN anytime its been a long time since last sale announcement(10-15%jump). But PDN feels heavily traded, when it starts to decline in price the sellers come out fast. This high was different to previous, far more gradual rise and role of. Hard to work out current support, maybe some chartists could weigh in? Thanks, good trading. PS all my uranium stocks look like they have topped for now.
Hi Fab, thanks for reply, totally agree with all. Including timing (ASX news 28/06) commencement of commissioning achieved one month early (how unusual is that, great management). Completion due late Dec. bring that forward a month, want to back in first week Dec. latest. Dont like selling PDN anytime its been a long time since last sale announcement(10-15%jump). But PDN feels heavily traded, when it starts to decline in price the sellers come out fast. This high was different to previous, far more gradual rise and role of. Hard to work out current support, maybe some chartists could weigh in? Thanks, good trading. PS all my uranium stocks look like they have topped for now.
Prospector
Not a scaredy cat anymore
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Re: PDN - Paladin Resources
I notice a nice gain of 12% this morning, with the only announcement relating to an increase in DYL holdings. Is there any other reason for the climb?
I notice a nice gain of 12% this morning, with the only announcement relating to an increase in DYL holdings. Is there any other reason for the climb?
Re: PDN - Paladin Resources
Does anyone know why there are now huge buy orders 100,000-200,000 shares at a time from single buyers? Yesterday nothing less than 4 million dollars total value, 11.5 million value in the first hour today. Big volume for ERA, SMM and others. Maybe new nuc. managed fund? Can't find anything on the internet. Could be nickel share money looking for a new home. CNBC said big short positions taken out on nickel price recently.
Does anyone know why there are now huge buy orders 100,000-200,000 shares at a time from single buyers? Yesterday nothing less than 4 million dollars total value, 11.5 million value in the first hour today. Big volume for ERA, SMM and others. Maybe new nuc. managed fund? Can't find anything on the internet. Could be nickel share money looking for a new home. CNBC said big short positions taken out on nickel price recently.
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Re: PDN - Paladin Resources
I'd say this has got a lot to do with it.
http://today.reuters.com/news/artic...MINERALS-CAMECO-UPDATE-5.XML&rpc=66&type=qcna
I'd say this has got a lot to do with it.
http://today.reuters.com/news/artic...MINERALS-CAMECO-UPDATE-5.XML&rpc=66&type=qcna
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Re: PDN - Paladin Resources
Hmmm, one month later.
kennas said:
Hmmm, one month later.
Prospector
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Re: PDN - Paladin Resources
What a difference a month makes!
Edited to add - make that a day!
What a difference a month makes!
Edited to add - make that a day!
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Re: PDN - Paladin Resources
Looks like it might break $6 bucks.
Looks like it might break $6 bucks.
Sean K
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Re: PDN - Paladin Resources
Yes, well, around $4.00 WAS support ($4.15 is pretty close on a down trend in the scheme of things) and $5.15 - $5.25 was clear resistance over the past two weeks until it broke out. My original post about $3.50, was indicating that that was the next level of support DOWN if $4.00 was broken. Clearly that did not occur and the stock did bounce.
WHAT A DIFFERENCE A MONTH MAKES.
Especially when one of the largest uranium mines in the world is put on hold for a year, out of the blue!
More blue sky to come I'd say.
Good luck to all holders.
Yes, well, around $4.00 WAS support ($4.15 is pretty close on a down trend in the scheme of things) and $5.15 - $5.25 was clear resistance over the past two weeks until it broke out. My original post about $3.50, was indicating that that was the next level of support DOWN if $4.00 was broken. Clearly that did not occur and the stock did bounce.
WHAT A DIFFERENCE A MONTH MAKES.
Especially when one of the largest uranium mines in the world is put on hold for a year, out of the blue!
More blue sky to come I'd say.
Good luck to all holders.
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Re: PDN - Paladin Resources
It bounced to $5.25 shortly after your post a month ago. Regardless of external issues.
The money made could have been put into Nickle/Zinc plays, they all subsequently ran in the following weeks.
You could have then bought PDN a few days back for $4.90 (it found support here) and punted on a break at some time in the near future.
Sure a bit of lucky news happened. Some news was bound to. Considering U at the moment and PDN clear objectives in the market and swallowing up the exploration plays, its quite obvious they are fast becoming a potential big boy!.
kennas said:
It bounced to $5.25 shortly after your post a month ago. Regardless of external issues.
The money made could have been put into Nickle/Zinc plays, they all subsequently ran in the following weeks.
You could have then bought PDN a few days back for $4.90 (it found support here) and punted on a break at some time in the near future.
Sure a bit of lucky news happened. Some news was bound to. Considering U at the moment and PDN clear objectives in the market and swallowing up the exploration plays, its quite obvious they are fast becoming a potential big boy!.
