PEN - Peninsula Energy

Sean K · 3 January 2012

theartglasshouse said:
Nothing like a DFS to give it a kick start. Thankfully I have been slowly accumulating at rock bottom prices throughout the year and am seeing some green for a change on this one. 2012 should be interesting year for PEN so I think I will hold on to this one for now.

Would be very interested to see just where you accumulated PEN at during 2011 that allowed you to see some green.

theartglasshouse · 4 January 2012

kennas said:
Would be very interested to see just where you accumulated PEN at during 2011 that allowed you to see some green.

I started accumulating PEN sub 8 cents (not too much between the 5 to 8 cent range), but once it started going under this mark I was hitting the lows and topping up.

My major top ups have been during the recent mid 2 cents to low 3 cents range. This has helped me average down my holdings to the low 3's. Hence the current green.

skc · 4 January 2012

theartglasshouse said:
I started accumulating PEN sub 8 cents (not too much between the 5 to 8 cent range), but once it started going under this mark I was hitting the lows and topping up.

My major top ups have been during the recent mid 2 cents to low 3 cents range. This has helped me average down my holdings to the low 3's. Hence the current green.

Would someone like to issue a $500 "This can't be true" challenge?

Ubershrewd · 4 January 2012

I'd participate in that wager

barney · 4 January 2012

skc said:
Would someone like to issue a $500 "This can't be true" challenge?

Ubershrewd said:
I'd participate in that wager

My $500 is staying in my wallet

ps. ..... just a loose example, but the numbers say it can be done.

Shares Purchased

25000@ 0.08= $2000
40000@ 0.05= $2000
66667@ 0.03= $2000
80000@ 0.025=$2000

Total Cost = $8000

Current Value of 211667@ 0.038= $8043

skc · 4 January 2012

barney said:
My $500 is staying in my wallet

ps. ..... just a loose example, but the numbers say it can be done.

Shares Purchased

25000@ 0.08= $2000
40000@ 0.05= $2000
66667@ 0.03= $2000
80000@ 0.025=$2000

Total Cost = $8000

Current Value of 211667@ 0.038= $8043

I think most people know how to calculate the average entry cost over multiple parcels...

BTW. my trading returned 5000% last year.

Starting equity = $10,000.
Ending equity = $500,000.

Just a loose example, but the number says it can be done

barney · 4 January 2012

skc said:
I think most people know how to calculate the average entry cost over multiple parcels...

BTW. my trading returned 5000% last year.

Starting equity = $10,000.
Ending equity = $500,000.

Just a loose example, but the number says it can be done

I'll wear the sarcasm since it had a grin ..... however ....

I don't believe your $10,000 to $500,000 story, and am prepared to put $500 up against that statement ..... you should have done way better than 5000% ..... you need to get your act together :

Seriously .... Both yours and Uber's post intimated that "artglasshouse" was lying, which I felt needed addressing, considering his claims are totally feasible .... thats the only point my "numbers" were trying to point out, which I'm sure you can appreciate ...... whether his methods are correct or not are a matter of personal trading preference.

ps Perhaps "artglasshouse" can give us his actual figures so that we don't need to make false assumptions regarding his validity.
Cheers.

theartglasshouse · 4 January 2012

I have purchased 16 parcels of PEN shares since around late May of last year. I always buy in say quantities of 50,000 per parcel (I am a little pedantic in this respect as I do this with all my holdings - I can't buy say 20,000 and then the next parcel buy would be 25,000, probably OCD).

The majority of these purchases have been below the 3.5 cent mark buy using the profits I was making from RED trading post consolidation, when it was fluctuating from 17.5 to 21.5 for a while. I was even making 1-3 purchases per week when it was tanking under 3.5 cents.

And no, I wont be posting actual figures of my buy in prices and parcel quantities as this is for me to know only.

I am also doing this method with another share I own so I can exit on an up swing with at least (hopefully), a little profit if only to cover my trading costs. And hopefully this up swing is on it's way, as it it has made some good gains today.

barney · 4 January 2012

theartglasshouse said:
And no, I wont be posting actual figures of my buy in prices and parcel quantities as this is for me to know only.

Totally appreciate your position "art" and as a past owner of PEN I hope your position is kind to you as it was to me

Cheers,
Barney.

Boggo · 4 January 2012

theartglasshouse said:
And hopefully this up swing is on it's way, as it it has made some good gains today.

For your sake I hope you are right.
To me yesterday was a sign of a turn down and todays action (good gains ??) has done nothing to change my view.
There is a possibility that this could be heading for around 1.6 cents if trend reversal does not override yesterday bar (high).

Just my

skc · 4 January 2012

barney said:
I'll wear the sarcasm since it had a grin ..... however ....

Seriously .... Both yours and Uber's post intimated that "artglasshouse" was lying, which I felt needed addressing, considering his claims are totally feasible .... thats the only point my "numbers" were trying to point out, which I'm sure you can appreciate ...... whether his methods are correct or not are a matter of personal trading preference.

I am not saying artglasshouse was lying. I am saying his scenario seems unlikely and someone who seeks the truth might want to issue a $500 challenge (made famous by tech/A challenging Sir O's Pure Energy trade claim).

People can make any claim they want (as long as the numbers show that it is feasible) and it's up to them to decide whether they wish to earn credibility by proving it.

theartglasshouse said:
I have purchased 16 parcels of PEN shares since around late May of last year. I always buy in say quantities of 50,000 per parcel (I am a little pedantic in this respect as I do this with all my holdings - I can't buy say 20,000 and then the next parcel buy would be 25,000, probably OCD).

16 parcels is taking the word "accumulation" a bit too literally.To me accumulation means quietly buying without moving the price.. not buying small parcels whenever it falls. I hope your broker sent you a nice xmas hamper.

What's the plan if it keeps falling? Do you have a maximum total value (and no. of parcels) you plan to buy? Serious question as 16 parcels is not something I have ever heard of (granted I don't hear a lot about how people accumulate).

Sean K · 4 January 2012

theartglasshouse said:
I have purchased 16 parcels of PEN shares since around late May of last year....

The majority of these purchases have been below the 3.5 cent mark buy using the profits I was making from RED trading post consolidation, when it was fluctuating from 17.5 to 21.5 for a while. I was even making 1-3 purchases per week when it was tanking under 3.5 cents.

.....

And hopefully this up swing is on it's way, as it it has made some good gains today.

Thanks for more detail on your accumulation of PEN over the past year.

You must have only really accumulated the bulk of your holdings over this 13 day period in December (below) to be in anywhere near green territory. The rest of the year it was way above current value. Buying in May when it was at 8c certainly wouldn't have helped the ledger.

Nice work to be seeing green from this 2011 turkey!

theartglasshouse · 5 January 2012

Boggo said:
For your sake I hope you are right.
To me yesterday was a sign of a turn down and todays action (good gains ??) has done nothing to change my view.
There is a possibility that this could be heading for around 1.6 cents if trend reversal does not override yesterday bar (high).

Just my

Boggo, that comment was in regards to another share I own which has made some good gains this week and is nearing my average buy in price, slowly though!

SKC, I have no maximum on the amount I plan to own at this stage and if the price does fall again, especially into the 2 cent range, I will start to buy more. I think the next year or so should be interesting for PEN, so I will hold for now. If it does get a good rally though, I will probably exit and then watch.

Kennas, yes - most of the purchases have happened over the past 2 months, more so in December. It is good to see some green finally on this one as most are probably in the red! No doubt we may see more lows in the coming year, but I am happy to hold for now and will exit when I feel the time is right.

As I said, my average price is now in the low 3's, nothing to be greatly excited about, but at least it is showing some green for a change!

Purd2 · 5 January 2012

Good on you artglasshouse! BUT I hope you got out of RED.

theartglasshouse · 5 January 2012

Oh yes! I stopped trading on the RED shares before consolidation happened and I haven't bought back in on that one since.

I am watching 2 other companies at the moment that could provide some quick profits, with a bit of luck!

Chalea · 5 January 2012

hangseng said:
On to the next supposed hurdle.

"The year 2012 has opened with news that Fukushima’s radioactive cloud may already have killed some 14,000 Americans, according to a major study  just published in the International Journal of Health Services...

...The mythical “Nuclear Renaissance” has been gutted by Fukushima, low gas prices and the escalating Solartopian revolution in green energy. Solar panels, wind turbines, sustainable bio-fuels, geo-thermal, ocean thermal, increased efficiency and much more have simply priced atomic energy out of the market..."

Link

:bananasmi

barney · 5 January 2012

Chalea said:
"The year 2012 has opened with news that Fukushima’s radioactive cloud may already have killed some 14,000 Americans, according to a major study  just published in the International Journal of Health Services...

...The mythical “Nuclear Renaissance” has been gutted by Fukushima, low gas prices and the escalating Solartopian revolution in green energy. Solar panels, wind turbines, sustainable bio-fuels, geo-thermal, ocean thermal, increased efficiency and much more have simply priced atomic energy out of the market..."

Link

:bananasmi

Firstly, I respect your position of being anti-nuclear Chalea ..... however, just for balance ......

The article you quote was written mainly by Joseph J. Mangano ... a well known "anti" atomic, anti nuclear and anti whatever else he can make a buck out of !!

As a good writer, Joe with his MBA MPH degrees figured he could make far more cash by soliciting the rich and famous to join his team ..... beats doing a real job !!

Actually he is very smart .. he found an edge, so well done to him ... I just prefer to take what he and others cashing in have to say, with a grain of salt.

ps. I don't hold PEN atm, so my cynicism is theoretically unbiased

Chalea · 5 January 2012

Chalea said:
"The year 2012 has opened with news that Fukushima’s radioactive cloud may already have killed some 14,000 Americans

barney · 5 January 2012

Its scary isn't it ........ a 14 week window of data has been manipulated to give "meaningful" statistical results regarding the amount of people dying in the US ...... what a joke!

Did you notice it took her about a minute and a half to "promote" her book !!

There have been studies done on these type of psychological leeches and how unacceptably easy it is to accumulate statistically significant evidence for a false hypothesis ...... Scary indeed !!

Chalea · 5 January 2012

barney said:
Its scary isn't it...... Scary indeed !!

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