This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

PEN - Peninsula Energy

Jump to new

Can some one explain the gist of this post to me?
Don't get it?
 
barney said:
Miner's post makes perfect sense to me ..... Should I be concerned
Click to expand...

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? "
 
tech/a said:
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? "
Click to expand...


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.
 
Joe Blow said:
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.
Click to expand...


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.
 
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?
 
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...
 
Chalea said:
Confirmed by the RSI bearish divergence chart I posted recently...

Why don't you post a chart?
Click to expand...

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
 
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)
 

Attachments

  • PEN W 100212.png
    42.1 KB · Views: 16
Garpal Gumnut said:
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
Click to expand...

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 )
 
You must log in or register to reply here.

Similar threads

  • Locked
MEE - Metex Resources
13 14 15
Replies
296
Views
54K
Joe Blow
BCC - Buccaneer Energy
16 17 18
Replies
341
Views
72K
zzaaxxss3401
Z
CNF - Continental Goldfields
2 3
Replies
55
Views
17K
Boyou
Uranium in for correction, not a rout
Replies
0
Views
8K
motion
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...