PEN - Peninsula Energy

[madjohn]

Another forum (that received a good baseball bat kneecapping) had members who concluded a suspended forum member by the name of El Capo manipulated the share price to hit 7.5 cents approx a year ago. The reason they felt he did this was due to himself predicting a month beforehand he felt 7.5 cents would be the high for the rally and in turn would create himself status on the forum due to nailing the high.
Incredibly this conspiracy theory got some traction, I thought it was ludicrous as I feel El Capo simply used a Fib retracement to predict the high.
As it appears you firmly feel someone is manipulating the SP madjohn, do you have a suspects name or telephone number so I can phone this individual to ask the hard ass questions and report back my findings to the forum

If you should wish to continue to back your arguements with comments as "kiwis has small brain", watch this video.

his name is wong fatt -phone no -o4 -9888888 ,do give him a call.

 

[Karlos68]

his name is wong fatt -phone no -o4 -9888888 ,do give him a call.

Tried on several occasions and as soon as Ive dailed I get "Call Ended".
I have just rang my phone provider Vodafone to got to the bottom of this, they dailed the number for myself and have told me the number does not exist.

Conclusion-One of the PEN crazies rang Wong Fatt, found his location, kicked is his door and shot the place up:badass:, simply because the lost soul felt an inner need to lay blame on someone for a downtrending share price:twak:

RIP Wong Fatt

 

[Garpal Gumnut]

Tried on several occasions and as soon as Ive dailed I get "Call Ended".
I have just rang my phone provider Vodafone to got to the bottom of this, they dailed the number for myself and have told me the number does not exist.

Conclusion-One of the PEN crazies rang Wong Fatt, found his location, kicked is his door and shot the place up:badass:, simply because the lost soul felt an inner need to lay blame on someone for a downtrending share price:twak:

RIP Wong Fatt

Confucius say

A Fatt is never Wong.

Seriously though, is PEN still being manipulated, and what are brokers saying about it's prospects?

gg

 

[Karlos68]

Seriously though, is PEN still being manipulated, and what are brokers saying about it's prospects?

I personally have never taken notice of broker reports:nono:

As for being manipulated, sounds much the same to me as the past nonsense "Oh no, PEN is in a downtrend because of Fukushima" or "Oh no, PEN is downtrending because management have missed targets"
I feel it is just another excuse/conspiracy theory as to why a SP maybe downtrending to reassure oneself that someone/something is to blame.
Since early 2011 resource stocks topped and have been downtrending. Seems hard commodities have had a thump this past week. Resource stocks losing value and PEN dropped from low 3 cents to high 2 cents. Im sure Wong Fatt never rang everyone else and told them to manipulate Gold, Oil, Copper etc and resource stocks downward. I think it is just another crazy theory:screwy:. I do note a Bot at times, whether this is being used to attempt to manipulate or not, I feel its best to consult the charts than look for blame.

My projection for a sub 2 cent low is still on track. Just 2/3 months to go. PEN only need lose another cent. I expect resource stocks in general to bottom around this period and new long term uptrends to begin.

Have a good weekend GG:bekloppt:

 

[dengo]

Bear flag measured move target = 2.3c
Volume?

 

[Karlos68]

Bear flag measured move target = 2.3c
Volume?

View attachment 51653

Nice chart dengo.

If your first blue vertical line was drawn higher than 5 cents upto 5.5 cents to work your measured move, I believe we should therefore have the falling vertical line drop additional .5 cent to 1.8 cents.

Question: Why does the first blue vertical line not run to the high of 5.5 cent?

 

[tech/a]

Flag?

You make it up as you go?

 

[dengo]

Nice chart dengo.

If your first blue vertical line was drawn higher than 5 cents upto 5.5 cents to work your measured move, I believe we should therefore have the falling vertical line drop additional .5 cent to 1.8 cents.

Question: Why does the first blue vertical line not run to the high of 5.5 cent?

Thanks Karlos,
Squint your eyes, if you believe the run from 5.5 to 3.4c looks like a flagpole then go with it, you may be right.
Charting is a lot easier than some portray...

 

[Karlos68]

if you believe the run from 5.5 to 3.4c looks like a flagpole then go with it, you may be right.

I queried yourself as you may have had a strong reason to work from 5 cents.

I thought I had read about a year earlier the move is measured from high to low (being 5.5 to 3.4).
I have just done some light Google research and my findings are as I believe to be 5.5 to 3.4 cent, which projects a move to 1.8 cents.
This bodes well with my previous analysis from last year that we shall see sub 2 cents

 

[madjohn]

karlos -wong fatt told me -we won`t be hearing from you for awhile-looks like your chart is upside down.!!

 

[Karlos68]

karlos -wong fatt told me -we won`t be hearing from you for awhile-looks like your chart is upside down.!!

Wrong Fatt was wong madjohn. Stop the tears and place your box of tissues down. Im still here.


Turn your computer screen around and check out this chart

BOOM:bananasmi.........Sub 2 cents now in our sights

 

[Garpal Gumnut]

Karlos, that is one sick looking chart for the longs.

Let us hope the board and executives get their entitlements should it go belly up.

They seem to have done a mighty job in trying to keep the share price up. but alas it keeps on falling.

gg

 

[dengo]

Measured move target for uranium = $37

 

[dengo]

Measured move target for uranium = $37

View attachment 51749

Look for 2.4c if/when 2.7c rectangle support fails

 

[madjohn]

Wrong Fatt was wong madjohn. Stop the tears and place your box of tissues down. Im still here.


Turn your computer screen around and check out this chart
View attachment 51731
BOOM:bananasmi.........Sub 2 cents now in our sights

karlos you got to be thick -if you do not know what is happening with the price movements.

 

[waynel2]

karlos you got to be thick -if you do not know what is happening with the price movements.

Hi MadJohn,

I'm fairly new to this forum, though can you expand on the above? I'm a believe in PEN long term though after watching PEN dropping continuously to where it is now I decided to sell out at 2.8. With the price of uranium tracking down I believe it will continue to follow.... is this your take?

cheers

Wayne

 

[madjohn]

if you believe in PEN I believe now is a good time to buy but you must have a long term view at 1/2 years.none of the top 20 are selling out esp the chairman( guys) who has about 91 million shares,if you can buy it below 2 even better but who knows,I am sure the mgnt are aware that the share price are falling everyday with all the "good news" we have lately?? also prepare to loose what you can afford and the reward could be huge at these price.

good luck and you got to sail your own ship but you must know where the breeze are coming.

 

[madjohn]

and have a listen to GUS IS HE CONFIDENT IF NOT WE WILL KNOW WHEN HE STARTS SELLING HIS SHARES.

http://www.brrmedia.com/asx/PEN/peninsula-energy-limited/

 

[madjohn]

Hi MadJohn,

I'm fairly new to this forum, though can you expand on the above? I'm a believe in PEN long term though after watching PEN dropping continuously to where it is now I decided to sell out at 2.8. With the price of uranium tracking down I believe it will continue to follow.... is this your take?

cheers

Wayne

I LOOK AT THE SELLERS DEPTH AND i SEE ONE SMART COOKIE SELLING IT DOWN but you can`t buy as many shares cos the sellers are pretty thin,why I wonder??to me there is no panic selling but a manufactured one happening for a while now-I hope mgnt has a rabbit up their sleeves to kill this seller.

 

[Boggo]

I LOOK AT THE SELLERS DEPTH AND i SEE ONE SMART COOKIE SELLING IT DOWN...

The smart cookies sold it two years ago when it dropped through 12 cents !