PEN - Peninsula Energy

[Chalea]

I just don't get it!

"The Fukushima pets are victims of last March's Japan earthquake and resulting tsunami and nuclear meltdown that do not get many headlines. Now these animals are facing freezing conditions, and rescuers are running out of time.

...He said, "The government keeps saying there are few pets left, but we see their footprints in the snow. They are fighting to stay alive." Right now at least 20 to 30 Fukushima pets die each day because they are so malnourished after all these months of fending for themselves, which is incredibly difficult to hear. There are at least 100 left that need to be rescued, so there are just days left to help these starving animals."

Link

 

[Chalea]

Or speculation of " facts "

"In most Southeast Asian countries where there is interest in nuclear power, politics are holding it back.

"Everything is ready here, except for a political decision," said Ferhat Aziz, a spokesman for the agency. "Too many people think it is too dangerous and too expensive so the key challenge is in people's minds."

...And in the Philippines, Fukushima gave pause to efforts to revive the country's white elephant, the Bataan Nuclear Power Plant, which was built in the early 1980s but never went into operation because it sits on a tectonic fault and volcano."

Link

 

[Chalea]

If analysis says buy I buy. Sell I sell.simple really.

Being a humble novice, ignorant of the many nuances of your method tech/a,
Could you please highlight your reasoning for this 'Dead Cat Bounce' reaching 10 cents.

To the untrained eye your chart is identical to last July's when, your message was -

"If you have bought (Or bought more) at 6.5-7.3c as indicated in the technical signal at post#1544 then who cares just sit and forget"

prior to a 70% crash...

Respectfully
Chalea

:bananasmi

 

[Garpal Gumnut]

I now expect PEN to continue on its way.

There could be a day with a very high Parabolic rise.
if so I will be trailing a stop right up behind it.I would expect this to be supported with very very high volume. 8.5c is where I think it will run out of puff and correct for a while.
In the meantime if you have the opportunity to milk it----

CLICK TO EXPAND

View attachment 45978

Excellent analysis tech.

You really should write a book on trading/TA.

It would be a good read and educate investors, particularly beginners and those with a wide brim and small herd such as Chalea.

gg

 

[Chalea]

Excellent analysis tech.

You really should write a book on trading/TA.

It would be a good read and educate investors, particularly beginners and those with a wide brim and small herd such as Chalea.

gg

I yearn to one day emulate your trading prowess Garpal Gumnut.

Please highlight the excellence in tech/a's analysis.

I see nothing but unsubstantiated wishful thinking.

But then again, I'm not currently holding...

Kind regards
Chalea

 

[namrog]

Please highlight the excellence in tech/a's analysis.

I see nothing but unsubstantiated wishful thinking.

Chalea

That's a laughable statement comming from you Chalea, when it's so obvious that all the calls that you have made on this PEN thread have been based on nothing more than pattern repetition, it's not as simple as that...

You say you're not holding, so why aren't you shorting it if you believe in your own TA ?

The difference between you and Tech-A is that he IS trading it, and reading between the lines - profitably, where as your just talking, and a lot of the time the talk is irrevalent to PEN.

 

[skyQuake]

To the untrained eye your chart is identical to last July's when,

Cause its in an uptrend now

your message was -

"If you have bought (Or bought more) at 6.5-7.3c as indicated in the technical signal at post#1544 then who cares just sit and forget"

prior to a 70% crash...

I have no idea how you managed to extract that from a simple back pat. Here is the post by tech/a, note the short term nature of the call.

Double bottom
Where I'd be buying and where I'd have a stop.
Soaking up the Sun in Venice currently so will have to be a call for the record only.
Sporting a mediterrainian tan I might add----RED.

17/6
As noted was a low risk buy.
So even us techies would have made a quid--- short term.
Personally I like the quick gains and avoid the massive drawdowns!

This is a high risk specie which can gleen profit fir the nimble

17/6 orig call: 6.8c
24/6 back pat: 7.7c
1 wk later 7.5c
2 wks later 7.3c
3 wks later 7.3c
4 wks later 8.2c
5 wks later 7.2c

And after the break of 7c if you didnt get out... Good riddance.

 

[Chalea]

Cause its in an uptrend now

As it was last July, when I joined you all...

Here's another from the time - "I expect another visit to the teens."
He still does...:shake:

Good riddance.

I think I'll stay & add some balance...corn:

 

[skyQuake]

As it was last July, when I joined you all...

err no.

Thats chop over a few weeks. Possible beginnings of an uptrend HOWEVER it decided to crack 7c and die.

 

[Garpal Gumnut]

I would agree with tech/a.

A good uptrend on volume, the last bar an inside closing close to the high and far from the low on indifferent volume, with a wide ranging bar the day before finishing at the high on large volume.

It looks good for PEN holders, it should go gangbusters.

Then again if it doesn't, a stop as tech/a suggests will prevent destitution.

gg

 

[Joe Blow]

I have removed, and will continue to remove, posts in this thread that are off topic, of low content, or that are overly provocative or personal.

Now I will ask everyone again, please stick to discussing the topic of the thread rather than each other.

 

[Chalea]

the last bar an inside closing close to the high and far from the low on indifferent volume

Precisely, a bearish Harami

 

[skyQuake]

Precisely, a bearish Harami

Form the website itself
Pattern: reversal
Reliability: low

 

[Chalea]

Form the website itself
Pattern: reversal
Reliability: low

Confirmed by the RSI bearish divergence chart I posted recently...

Why don't you post a chart?

 

[explod]

Bit of rubbish around here.

I picked up on the breakout on the 17th for many reasons but first and foremost we have a good up trend confirmed and my trailing stop (currently at 5 cents) has not been hit since. With some market enthusiasm obvious from the US Dow close Sat., we could be off to the races for a nice trade this week with .069 my target.

I'd be concerned at a close below .052

Entry was .045 on the 19th.

I got rid of all the fancy charts and indicators some years ago now. You have to ride these things on the simple basics.

A great read is "Trend Following by Michael Covel". Helps you to sleep at night when you know what you are doing. But I do get it wrong many times and that's part of the game.

 

[skyQuake]

Confirmed by the RSI bearish divergence chart I posted recently...

Why don't you post a chart?

Indicators will always screw u if the stock trends

 

[tech/a]

Belting along nicely.
Looking for an inside day after this spike.

 

[explod]

Belting along nicely.
Looking for an inside day after this spike.

Took my piece at .069 to end a good trade for me.

However a break above .07 should see .08 and that jumped could go to 9 or 10 on my view of the 12 monthly.

Just a rough 2 cents.

 

[tech/a]

Joined you at same.
Now have my alternate statagy in place.
Good day.

 

[Miner]

PEN holders

I am really frustrated with this stock.

There have been so much of positive posters by few of us stating why PEN is a worthless scrip, why charts show down trend etc etc.

I kept on putting triggers of low price and high price in Commsec.

I increasingly frustrated to loose my credit as the high price trigger is constantly breaking at .06, .065. .07 day by day .

OMG where are the chartists to back up their calculation justifying why PEN fly low??? Shame on their absence when PEN goes above 6 cents, and today 7 cents.

More seriously, I think market is realising the true economic value of PEN and the market is rewarding the true believers of PEN.

Best wishes for the believers and condolences for the negative sentiment .