PEN - Peninsula Energy

[Tysonboss1]

Terra Power,

Possibly never having to mine uranium again, Good stuff.

.

 

[tech/a]

Here i was thinking you were a bit crazy.

PEN looks to open about 9% up.

Bloody hell, i needs me some tech/a skillz.

Tradings not that hard

There is a vast chasm between theorists and traders.
Theorists get off on being right even if its in their own mind.
Traders get off on accepting the challenge of Trading and turning a profit.

One is a gunna and the other a doer.
Simply traders look for opportunity with the lowest possible risk.
PEN is a working example---for me and those following as of yesterday.

Today the stop has been moved to yesterdays buy price..
Risk is now Zero. ($5 E/W ) Brokerage.

I have no idea where it will go.As time goes on I will be able to make decisions about holding or selling.But right now Im set with a very low risk trade.If It moves against me---on with the next trade.

SEE THE DIFFERENCE?

 

[alexc2005]

Tradings not that hard

There is a vast chasm between theorists and traders.
Theorists get off on being right even if its in their own mind.
Traders get off on accepting the challenge of Trading and turning a profit.

One is a gunna and the other a doer.
Simply traders look for opportunity with the lowest possible risk.
PEN is a working example---for me and those following as of yesterday.

Today the stop has been moved to yesterdays buy price..
Risk is now Zero. ($5 E/W ) Brokerage.

I have no idea where it will go.As time goes on I will be able to make decisions about holding or selling.But right now Im set with a very low risk trade.If It moves against me---on with the next trade.

SEE THE DIFFERENCE?

Yeah, i see.

Being a Trader means having the balls to act on a decision.

Seems you have it down pat.

Hopefully one day i will too

 

[tech/a]

Yeah, i see.

Being a Trader means having the balls to act on a decision.

Seems you have it down pat.

Hopefully one day i will too

Once your at B/E then its a no brainer.
Dont need any Kahuna's for that!

 

[alexc2005]

Once your at B/E then its a no brainer.
Dont need any Kahuna's for that!

Correct, but that first trade took balls.

Now that you have a very secure position, you are quite fine.

Do you continuously adjust your stop loss point as the price goes up?

E.g. yesterday it was 3.5c, when you bought at 4.3c.

Today your stop loss is 4.3c, share price is 4.9c, will you up S/L to say 4.8c?

 

[tech/a]

Correct, but that first trade took balls.

I didnt think so.
The gap out of the blocks was strong and it wasnt headed.
The index was surging forward so next day up was highly likely.

Now that you have a very secure position, you are quite fine.

Do you continuously adjust your stop loss point as the price goes up?

No thats it now unless the price SPIKES UP---then I will place a tight trailing stop.
Other than that just keep an eye on it at tests of support or resistance.

E.g. yesterday it was 3.5c, when you bought at 4.3c.

Today your stop loss is 4.3c, share price is 4.9c, will you up S/L to say 4.8c?

As above.

 

[alexc2005]

I didnt think so.
The gap out of the blocks was strong and it wasnt headed.
The index was surging forward so next day up was highly likely.



No thats it now unless the price SPIKES UP---then I will place a tight trailing stop.
Other than that just keep an eye on it at tests of support or resistance.



As above.

So what do you aim for in terms of profit. you're sitting just under 10% at the moment.

At which point do you call it quits? When the charts indicate a reversal? Or do you get to a profit margin goal and bail out?

 

[tech/a]

I have no idea from trade to trade what I will end up with in profit.
My exit will be governed by chart analysis.

PEN I consider to be a potential 50-80% gainer.There is a wealth of resistance 7.3-8.3c so thats the likely exit area. Now 50% on any investment/trade is fine--well I think!.

On the flip side it could very well do a classic reversal and flop dismally.
Dont care! Will cost me $10 to find out.
Opportunity-----Im in front of it--it will succeed or fail.

 

[Chalea]

PEN is nothing more than a day-trader's play thing.
This move up is a 'Dead Cat Bounce'


The broken uptrend line may be retested before the recent 8.3c - 3.6c crash resumes...
Where's the DFS?...

Permit me to highlight that following the January '08 trend-break the day/swing traders rode PEN from 2.4c to 3.5c before jumping off.

 

[alexc2005]

I have no idea from trade to trade what I will end up with in profit.
My exit will be governed by chart analysis.

PEN I consider to be a potential 50-80% gainer.There is a wealth of resistance 7.3-8.3c so thats the likely exit area. Now 50% on any investment/trade is fine--well I think!.

On the flip side it could very well do a classic reversal and flop dismally.
Dont care! Will cost me $10 to find out.
Opportunity-----Im in front of it--it will succeed or fail.

I'm curious what you think of sites such as aussie bulls from a charts analysis point of view?

 

[Chalea]

I'm curious what you think of sites such as aussie bulls from a charts analysis point of view?

Weekly, (longer term), analysis is sticking with it's 53 day old SELL call!

"Do not bother with further buying or short selling this as long as the WAIT tag stays."

 

[tech/a]

I'm curious what you think of sites such as aussie bulls from a charts analysis point of view?

Dont bother with any such sites.
Do it myself.

 

[Chalea]

PEN is nothing more than a day-trader's play thing.
This move up is a 'Dead Cat Bounce'


The broken uptrend line may be retested before the recent 8.3c - 3.6c crash resumes...
Where's the DFS?...

You only have to go back one month to see the same process in action...

Two day rise off it's low.
DOJI, (indecision).
Hits previous support/now resistance line.
Unable to close above the moving average.
Anaemic volume.
Bullish MACD crossover...
The rest is history...

 

[Ubershrewd]

Thanks for the insight tech/a. Keep us informed with how your trade goes.

 

[tothemax6]

Terra Power,

Possibly never having to mine uranium again, Good stuff.

Yeah I've been a fan of the traveling wave reactor for a while - it will be a fantastic reactor design if it can be made to work.
However it won't result in no more uranium mining. Increasing efficiency of energy generation actually increases fuel consumption, since it lowers the price of energy, thus stimulating industries to use even more energy (as substitutes for more labour, more efficiency r&d etc). There was a similar situation in England during the industrial revolution, when it was theorized that the increasing steam engine efficiency would lower coal consumption and spare England's coal reserves. Of course the reducing of the marginal energy costs fueled even more industrial expansion.

 

[Chalea]

How many lives were lost to radiation exposure? 0. It's an insult to the poor people involved when reporters don't have the decency to set aside their preposterous crap and continue to instill fear.

So far...come back in 5,10,20 years! Remember Hiroshima?

"Fukushima radioactive caesium leaks ‘equal 168 Hiroshimas’
...This means that “radioactive events” usually do not initially kill people. But some of those particles do indeed land in the wrong place at the wrong time, and subsequently can cause cancer or birth defects in human beings.
...Both the Japanese and US governments have told citizens “not to worry,” because there is supposedly no IMMEDIATE danger of the Fukushima radioactive fallout. This false assurance combined with the five months that have passed since Fukushima means that the average world citizen has forgotten all about the potential effects of the catastrophe." Link

"...government and industry schemers attack these truths as unfounded scare-mongering.

...Fukushima’s nuclear disaster is a nightmare. Ghostly releases of radioactivity haunt the Japanese countryside. Lives, once safe, are now beset by an ineffable scourge promising vile illness and death.

Large sectors of the population are accumulating significant levels of internal contamination, setting the stage for a public health tragedy.

A subtle increase in the number of miscarriages and fetal deaths will be the first manifestation that something is amiss. An elevated incidence of birth defects will begin in the Fall and continue into the indefinite future. Thyroid diseases, cardiac diseases and elevated rates of infant and childhood leukemia will follow. Over the next decade and beyond, cancer rates will soar.

...By undertaking a national campaign to honestly document the disaster that is engulfing them, they can lead all of humanity to break through the quagmire of deception and deceit that has allowed nuclear weapons and reactors to flourish. Truth finally has an opportunity to triumph over falsehood. In some small but significant way, this would be fitting repayment for the malevolence of Hiroshima, Nagasaki and Fukushima."

Link

 

[Chalea]

You only have to go back one month to see the same process in action...

Chart shows the last five Slow Stochastic bearish cross-overs from current levels...


:bananasmi

 

[Chalea]

Chart shows the last five Slow Stochastic bearish cross-overs from current levels...
View attachment 44722

So that's the sixth overbought Slow Stochastic bearish cross-over for this chart.

History shows that the next target is the lower Bollinger band, currently @ 3.8c



:bananasmi

 

[tech/a]

My PEN trade stopped at B/E

 

[Chalea]

Uranium Contract Prices Slip

Unlike the uranium spot market, which in recent weeks has been dominated by traders and hedge funds on both sides of the price, the uranium term market more represents legitimate supply deals between producers and utilities and is thus more representative of ongoing longer term uranium demand.

Term uranium prices slipped initially after the Fukushima disaster but for many weeks prices have remained stable in a quiet market while spot traders have battled back and forth around the significant US$50/lb level in somewhat of a vacuum of uncertainty with respect to uranium's future. Last week, however, those stable term prices finally gave way.

Industry consultant TradeTech's mid-term price indicator has fallen US$1.00 to US$55.00/lb and TradeTechs' long-term price indicator has fallen US$2.00 to US$63.00/lb. The price falls may not be large but they are nevertheless significant in a market now dominated by the collapse of Japanese demand.

The falls come in a week when the spot price once again found itself under pressure, and in which traders and hedge funds were the dominant players on both the buy and sell sides. Producers and utilities have largely moved to the sidelines.

TradeTech's weekly spot price indicator has fallen US$1.00 to provide an end-September price of US$52.00/lb. While that price is encouragingly US$2.75 above the end-August price, spot uranium traded as high as US$54.50/lb intra-week during the month.

TradeTech notes the uranium market has historically been well insulated from the immediate global economic cycle, given the long term nature of “real” supply contracts informing speculative spot deals. The mood has changed, however, with the consultant suggesting, “The thin and illiquid nature of the spot uranium market means that even the slightest shift in supply or demand can directly impact on price, which was evident during September”.

Link

:bananasmi