PEN - Peninsula Energy

[tech/a]

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 .

Can some one explain the gist of this post to me?
Don't get it?

 

[alexc2005]

Can some one explain the gist of this post to me?
Don't get it?

Yeah let me know when you figure it out...

 

[barney]

Can some one explain the gist of this post to me?
Don't get it?

Yeah let me know when you figure it out...

Miner's post makes perfect sense to me ..... Should I be concerned

 

[tech/a]

Miner's post makes perfect sense to me ..... Should I be concerned

I had a bit of a look and it appears to be a fundamentalists attempting to trade technically!

With the question being--- " Why is this so? "

 

[barney]

I had a bit of a look and it appears to be a fundamentalists attempting to trade technically!

With the question being--- " Why is this so? "

Nah tech ....... Miner had his tongue planted firmly in his cheek for the first part of that post. He is enjoying the rise of PEN and pointing out that some of the technical downramping by a certain anti nuclear poster in particular has shown to be pretty much off the mark.

Be interesting to see what happens if the traders keep on with this and gap it over some of the old resistance areas ...... mid 7 cent region looks the next test ......

 

[tech/a]

Nah tech ....... Miner had his tongue planted firmly in his cheek for the first part of that post. He is enjoying the rise of PEN and pointing out that some of the technical downramping by a certain anti nuclear poster in particular has shown to be pretty much off the mark.

Be interesting to see what happens if the traders keep on with this and gap it over some of the old resistance areas ...... mid 7 cent region looks the next test ......

Sorry the "novice" is on ignore. So unaware of banter.

 

[tech/a]

In again at 7.1c

 

[jah008]

In again at 7.1c

I bought in at 7.2c.

 

[Joe Blow]

In again at 7.1c

I bought in at 7.2c.

Gents, can we have a bit more detail here? What made you buy at those particular prices? Just saying you bought or you sold doesn't add much value to the thread. I'm sure I'm not the only one that would like to know WHY.

 

[jah008]

Gents, can we have a bit more detail here? What made you buy at those particular prices? Just saying you bought or you sold doesn't add much value to the thread. I'm sure I'm not the only one that would like to know WHY.

Sorry. I'm pretty new to this thread. Using (newly developed) technical analysis I saw resistance at 7.1c and decided that if it went to 7.2c with volume then I think it will continue upwards to another level and that I would buy in at 7.2c.

 

[notting]

95% up and hanging on just for the hell of it.
It gives.

 

[Tysonboss1]

Green light given for more nuclear plants.

 

[tech/a]

Sorry Joe

My "alternate plan" is that when I sell on a volume "reversal" bar as I did
I set a buy stop at the high just in case I have a premature---errr---ejection from the up move!!
Which I keep in place unless the stock shows signs of definate weakness which PEN hasnt.
7.1c was that buy stop and it got triggered

Hence Im in again.

 

[Tristan576]

Sorry Joe

My "alternate plan" is that when I sell on a volume "reversal" bar as I did
I set a buy stop at the high just in case I have a premature---errr---ejection from the up move!!
Which I keep in place unless the stock shows signs of definate weakness which PEN hasnt.
7.1c was that buy stop and it got triggered

Hence Im in again.

Have you got a target in mind?

 

[theartglasshouse]

Yes...$0.022 by Dec this year. My secret indicator and the random YT links advise me of this. If you buy now you can lose thousands later. Keep that in mind.

-Tongue in cheek of course...maybe...

 

[Garpal Gumnut]

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

Why don't you post a chart?

Chalea,

Would it be possible to have an update on PEN from your charts, if you could spare the time.

You must be very busy as I have not seen a post for some days, and you have been such a regular poster on the PEN thread.

Yours umbly,

gg

 

[Boggo]

Weekly chart is still looking good from a few weeks ago.
Likely that we will have the usual round figure resistance at 8c and then a run to around 8.3c where there is a bit more resistance, 8c should act as support for that test though.
Once it gets past that there is blue sky for a while.

Just my

(I will leave the weekly volume commentary for the tech/a man)

(click to expand)

 

[Miner]

Chalea,

Would it be possible to have an update on PEN from your charts, if you could spare the time.

You must be very busy as I have not seen a post for some days, and you have been such a regular poster on the PEN thread.

Yours umbly,

gg

Dear GG

Your selection of PEN on stock competition could give a run this month as the topper.
However probably Monday some negative ramping will resurface for PEN considering the Greece fall out has caused DOW to come down, major banks started to raise their rates even RBA did not (you would question why our banks in Australia can not make money with current variable rate for businesses and mortgages when banks in USA and Canada only charge between 2 to 3 % on such loans and still give 7 days service with a smile) raise the rate.
ASX is most likely to tremble on Monday and few days thereafter and so will be PEN.

However sitting in right in the other side of globe, testing the pulse of the market, looking my differentiating allowance in Canada to have come down by 25% because the experts judged the US market price has advanced considerably to deprive me the differential, I am more than confident we will have a solid buying opportunity for PEN and many others.
When PEN will fall it will be much higher rate than BHPB and other core shares. But Hey, that also means market will recover (Greece can not die and can not come out of Euro Zone) and hence PEN and other micro chips.

Good luck folks (and GG yourself ) who are believing on PEN.
(Sorry can not post a chart as I am a strong believer / practitioner on Economic Strength and Engineering conditions to assess market than probablistic trending based on past performances )

 

[Miner]

http://video.cnbc.com/gallery/?video=3000072402
This is a link sent out by PEN Company Secretary and would be worth reviewing to see future of nuclear energy and PEN.

Cheers

 

[tech/a]

Have you got a target in mind?

Stop 6.9c
Other than that will watch price action.