PEN - Peninsula Energy

[Boggo]

The PEN thread has been as consistent as the recent volume on RED in providing light entertainment for some time now CL

 

[barney]

for example the one that has gone from 2.8 cents, around where PEN is/was to 7.7 cents (175%) over the last 25 trading days

Long time since I've seen a U stock do 175% in a month .... Can you give the ticker code of that stock please CL.

 

[Karlos68]

And all the discussion that has gone on in the meantime how good the company is,

ASF can feel blessed to have fundamentalists placing contributions.

how the share price will rise,

Boggo produced this chart a few weeks after I told everyone what will happen, soon after in response to Boggos chart tech/a stated "Ahh some real T/A how refreshing. GG its on its way."

how the share price will fall,

Refer back to myself and Dengos projections. Been rather accurate just to add.

all the 170 odd posts appear to have concentrated everybody's mind on this dud and ignored other U companies whose share price have a higher chance of rising.

I know very little about uranium companies, but it is interesting to me that there is so much talk about a U company whose price is going nowhere and not much about others, for example the one that has gone from 2.8 cents, around where PEN is/was to 7.7 cents (175%) over the last 25 trading days and has a more positive share chart and nearly 5 times the buys than sells on Friday.

Off topic/cross promotion but all is good CL, Im not going to be a sooky baba and tell Joe Blow on you.

Is it called taking the eye off the ball?

Nah, depends on your style.

Cheers
Country Lad

NB Yes, i am having a friendly dig so don't take it too seriously. Keep concentrating on PEN and let us others quietly make money on other U shares.

Never take it to seriously CL.:dance:
I outsmarted the best Chartists HotCrapper had to offer last year.:fu:
Seems one of ASF top chartists Boggo had a projection of onwards and upwards earlier in the year which was supported vigorously by tech/a which ended in tears.

Speaking of tech/a, where is he?

 

[Country Lad]

Long time since I've seen a U stock do 175% in a month .... Can you give the ticker code of that stock please CL.

I posted over here yesterday

Cheers
Country Lad

 

[Boggo]

Seems one of ASF top chartists Boggo had a projection of onwards and upwards earlier in the year which was supported vigorously by tech/a which ended in tears.

I think you may need to actually read what I said in that post, and what tech/a said in a follow up.

You have completely missed the comedy we had in that whole exercise.

For your benefit below are the links to the posts. After you work out what was going on then you can highlight where I referred to it as a "projection".
You may find that by reading posts in context rather than in isolation may be of benefit (well maybe)

Here - https://www.aussiestockforums.com/f...=5004&page=137&p=749699&viewfull=1#post749699

and here - https://www.aussiestockforums.com/f...=5004&page=138&p=750744&viewfull=1#post750744

This post may help you to understand some of what was happening, pity that some who were involved took it seriously and obviously completely misunderstood what was happening around them at the time
https://www.aussiestockforums.com/f...=5004&page=137&p=750595&viewfull=1#post750595

May as well have a look at this post too before you respond...
https://www.aussiestockforums.com/f...=5004&page=138&p=750787&viewfull=1#post750787

 

[barney]

I posted over here yesterday

Cheers
Country Lad

OK, thanks.

Interesting that McCallem Group and Macquarie Group are both having a dabble with AGE

Did you get in pre or post breakout CL? Pre was a bit of a punt, but post might still have netted you 50%+

Fundamentally PEN looks a superior medium term proposition on paper imo, but is fairly unloved at present.

 

[dengo]

Bearish symmetrical triangle break-out
Measured move target = 1.5c

View attachment 54810

Price now tracking/trending down the lower Bollinger band after the squeeze
Further detailed examination of the 'Bearish symmetrical triangle measured move' has suggested a target of 1.4c

 

[Country Lad]

Did you get in pre or post breakout CL?

Neither, I just noticed it in results of a scan. I made the comment here about AGE because I find it difficult to see any logic in persisting with PEN when there are opportunities elsewhere to make a profit instead of watching this one perform so miserably.

To put it into context, it is highly unlikely that PEN is going to do anything soon, if ever, that will increase its market cap by $10million.

So looking at a $10 mil market cap increase, that will lead to a share price increase of 15% where the same MC increase will raise the AGE price by 65%. Hence my comment about AGE here, it (or many other companies) doesn't need to find much to perform better than PEN in share price.

Cheers
Country Lad

 

[dengo]

Hence my comment about AGE here, it (or many other companies) doesn't need to find much to perform better than PEN in share price.

Oh dear...

 

[Karlos68]

it is highly unlikely that PEN is going to do anything soon, if ever, that will increase its market cap by $10million.


Cheers
Country Lad

For your benefit Country Lad, a perfect descending wedge with decreasing volume



Thomas Bulkowski states that breakouts upwards occur 68% off the timeartyman:

PS Boggo, I shall respond in detail when I have plenty time

 

[tech/a]

For your benefit Country Lad, a perfect descending wedge with decreasing volume

View attachment 55302

Thomas Bulkowski states that breakouts upwards occur 68% off the timeartyman:

PS Boggo, I shall respond in detail when I have plenty time

And for your information Bulkowski's research is for a falling wedge in a BULL MARKET.
PEN is full blown BEAR.

If your going to quote someones stats to someone who has been trading longer than you have been breathing.
GET IT RIGHT.

Personally my own research has shown patterns of this length to be un reliable.

Check out Bulkowskis ranking out of 23---1 being best!!!

 

[Garpal Gumnut]

And for your information Bulkowski's research is for a falling wedge in a BULL MARKET.
PEN is full blown BEAR.

If your going to quote someones stats to someone who has been trading longer than you have been breathing.
GET IT RIGHT.

Personally my own research has shown patterns of this length to be un reliable.

Check out Bulkowskis ranking out of 23---1 being best!!!


View attachment 55306

Agree totally tech.

PEN attracts this type of flawed analysis.

gg

 

[Karlos68]

Agree totally tech.

PEN attracts this type of flawed analysis.

gg

Very nice to view a member of the "tech/a fan club" providing support for El Presidente



Im here for a Super Quick Hot Update





I know what ya thinking fellas.....The intensity and suspense is overwhelming


PS Fellas, there are delays and I wish to respond to my detractors in recent times but my wife has pressing issues as "Power Of Attorney" for her parents......enough said...Yup, flippin inlaws





Even worse lads, Im Successor Power Of Attorney......ya don't want to know about it

 

[Karlos68]

PEN is full blown BEAR.

No need to incite panic to the masses tech/a.
Country Lad is also creating fear for sell downs by claiming no appearance for reason to buy
Im so looking forward to dissecting and correcting the big names on ASF


Karlos shall produce yet another chart to save the masses:bananasmi

Well flip, who would of thought ay lads

Anyone heard of Positive Divergence

 

[tech/a]

Yeh

Ever heard of divergence failure?

 

[Karlos68]

Yeh

Ever heard of divergence failure?

Mate, Ive been with family at Meremere drags today as well as watching V8 Supercars on SKY in NZ late this afternoon
Had some tasty consumption of Bourbon.......Maybe we sort the biff from the baff some day when it is clear as day that I am the one who is right again:

 

[Karlos68]

Wife has to see lawyer today regarding sorting her family, Im busy but action is getting close for PEN so Im choosing hurried response

I think you may need to actually read what I said in that post, and what tech/a said in a follow up.

You have placed charts of projections previously Boggo. The chart in question was around 4 cents with an expectation to move a little above the previous 5.5 cent high, not unrealistic I would have thought. Should the projection have been to a dollar then yes, obvious comedy.
HotCrapper had Pewal showing consolidation around this area before the next markup phrase using his David Wyckoff theory, and P n F charts which simply look like a game of tic tac toe gone horribly wrong.
Then tech/a had been knocking others efforts till you came along and produced your chart which was some Elliot Wave stuff, which appears you only need 1 hand to be able to count to 5, know the few letters of the alphabet and have an ability to draw zig zag lines, and he gave you praise

You have completely missed the comedy we had in that whole exercise.

Having read the posts in succession a couple weeks back, .....yeh, well,..... "just joking" huh?, OK, does sorta appear that way then.

 

[Karlos68]

And for your information Bulkowski's research is for a falling wedge in a BULL MARKET.

The web page is titled "Bulkowskis Falling Wedge", the above reference you refer too is a small portion of his research and it appears your focus is upon this to once again knock my efforts.

PEN is full blown BEAR.

Sort of contradicts the point of your first comment

If your going to quote someones stats to someone who has been trading longer than you have been breathing.

Point taken

GET IT RIGHT.

Sure did. I took my reference from the "Falling Wedge Identification Guide" section from the web page.

More interesting facts: Price Trend-Can be in any direction leading to the pattern.

Another goody: Volume Trend-Trends downward 72% of the time until breakout.

 

[Karlos68]

Ever heard of divergence failure?

Nap.:dunno:, I was just having a quick glance at charts and decided to place it on ASF. Nothing is guaranteed, but it supports my expectation of a move upwards very soon


I have noticed large sells lately which is a concern. Refering to the Bulkowskis Falling Wedge page, another section has "Falling Wedge Trading Tips" which mentions: "Dip-After a downward breakout, price sometimes curls around the front of the wedge and soars upwards." Would not surprise myself if this occurs.

For my Fib Fan chart to stay in motion, PEN has to get cranking soon, the day of reckoning is almost upon us

 

[Karlos68]

View attachment 55485

Oops, just noted chart cuts off at August.



Corrected chart showing to current