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PEN - Peninsula Energy

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tech/a said:
I just don't get it!
Click to expand...

"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
 
tech/a said:
Or speculation of " facts "
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"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

 
tech/a said:
If analysis says buy I buy. Sell I sell.simple really.
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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
 

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
 
Garpal Gumnut said:
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
Click to expand...

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

I see nothing but unsubstantiated wishful thinking.

Chalea
Click to expand...

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.
 
Chalea said:
To the untrained eye your chart is identical to last July's when,
Click to expand...

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...
Click to expand...

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.


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.
 
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
 
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.
 
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.
 
Belting along nicely.
Looking for an inside day after this spike.
 
tech/a said:
Belting along nicely.
Looking for an inside day after this spike.
Click to expand...

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