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Thanks Miner ..... very nice .... (the report I mean
When these big players continue accumulating, its a very good sign for the future.
PEN - Peninsula Energy
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Thanks Miner ..... very nice .... (the report I mean
When these big players continue accumulating, its a very good sign for the future.
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Pen just hit 13.0!!!!
tech/a
No Ordinary Duck
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Good news for you guys.
Looks like supply has been overcome at last.
Struggles like hell though.
Bought a couple to pay for lottery tickets!
Looks like supply has been overcome at last.
Struggles like hell though.
Bought a couple to pay for lottery tickets!
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I guess this is where i struggle with the whole fundamental versus tech type trading? As because its hit 13 now there are people tryin to buy 4000000 plus shares at 12.5 cents.
I like the idea of seeing value in something and then buying it. Not seeing that "whoa! i only valued that at 12cents but seeing as someone else will pay 13 cents then i'll now buy it for 12.5 cents??"
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Lol .... There's still a little work to be done yet tech, but since you're back in, lets hope you're the one buying the tickets for both our sakes
ps We are sharing the winnings of course!! .... Now wouldn't that make a good story if we won the lottery
..... stranger things have happened.There has been some solid buys at 12.5 cents ..... One for about 5 million shares at 1.35 pm. Whether they will try and mop any more up at that level with a late push down is yet to be seen.
There is pretty good volume support building at 12.5 now, so with a bit of luck, the big players might just line wipe 13 just before the close .... That would make everybody happy!
hangseng
Gong Xi Fa Cai
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Not a bad day...
Never under estimate the value of sound fundamental research and MMA's. Still here and will be for some time yet miner. Never once did I believe this wasn't going to happen and some.
Had I taken any notice of negative sentiment or recent chart analysis other than my own I would now be around $50,000 worse off in my portfolio.
Lessen for all...Have faith in your own research and hold on tight until something fundamentally wrong indicates otherwise. Never be swayed by negative sentiment, unless supported by sound factual information about the company you invested in.
PEN has not given me one reason to be swayed in the last 3 years. Now PEN is stronger than ever.
https://www.aussiestockforums.com/forums/showthread.php?t=5004&page=41
Never under estimate the value of sound fundamental research and MMA's. Still here and will be for some time yet miner. Never once did I believe this wasn't going to happen and some.
Had I taken any notice of negative sentiment or recent chart analysis other than my own I would now be around $50,000 worse off in my portfolio.
Lessen for all...Have faith in your own research and hold on tight until something fundamentally wrong indicates otherwise. Never be swayed by negative sentiment, unless supported by sound factual information about the company you invested in.
PEN has not given me one reason to be swayed in the last 3 years. Now PEN is stronger than ever.
https://www.aussiestockforums.com/forums/showthread.php?t=5004&page=41
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Well done Hang ...... Hope you're enjoying looking at all those zeros on your bank balance
:I made the below comment the other day, fully expecting a period of consolidation
Todays price action validates 11.5 as genuine support, and indicates 12 as the new support .... If today is proven, 12.5 cents will become the new 50% retrace level (which is what I favour in the short term) ..... and the way its going, it may just blow all that out the window, and make its own levels
Whichever way you look at it, it looks good in the medium term technically (a short term retrace might even be healthy
) .... and fundamentally, the management continue to do a great job ....... Good onya Hang .... Enjoy the fruits of your labours.
tech/a
No Ordinary Duck
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Yes strong result.
Supply eventually over come.
Very wise to stick to your own analysis.
If your wrong you only have yourself to blame.
Haven't bought those lottery tickets yet.
Supply eventually over come.
Very wise to stick to your own analysis.
If your wrong you only have yourself to blame.
Haven't bought those lottery tickets yet.
tech/a
No Ordinary Duck
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Thanks but I have it.
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Quite rightly so tech. Actually considering the play is now in my favour, I would like to change the rules just a little.
I think for either level (14 cents, or 8.4 cents) to be justified as a winning level, I think a daily close at or above/below those levels for at least three consecutive days would be grounds to claim a victory.
I would hate to see it touch 14 on friday of this week, then see it drop back to 13 early the following week ... That would be a hollow victory .... I'm sure you would agree.
I made the comment a couple of days ago that once the SP closed above 11.5, it would hit 14 within a couple of days thereafter. I stand by that, and expect Friday ... but if not, then Monday or Tuesday next week.
I trust you are agreeable to the amendments to our contract, and I look forward to PEN closing at 14 or higher for 3 consecutive days in the near future .... and to winning a 50% share of first prize in the upcoming $2 Lottery
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I must say I've really enjoyed this thread. The discussions from both the FA and TA posters has been great. I'm an accumulator of PEN stock, so I'm running with the FA side of things with this one. I hope to see all of you all at the top of this one, no matter how you like to play it. Could PEN be as good as Independance Group (IGO)? I hope so.
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Have a read of PEN threads on Hotcopper today. Interesting stuff going on. Anyone interested in sentiment analysis will get a lot out of following the tone of posts there, and its relationship to share price over the next few days. I don't hold any PEN.
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What's going on over at HC GB? I'm only a member of ASF
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MD, it's over the top celebrations and congratulations. Talk of $11 SP, champagne flowing, etc.
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Despite all the warning signs here and on HC, I'd say the sentiment is still strong. Tomorrow could be a good trading day. If it gaps open at 13.5, I'll buy some and look to sell at 15. I wouldn't hold it into close. I think it could peak tomorrow and return to the trend line at 13 soon after, followed by a flat spell on lower volume. These are just my guesses on the short term movements.
tech/a
No Ordinary Duck
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Just a point of interest.
Fundamental analysis of this or any other stock is unlikely to alter in the short term---even months may pass before something fundamentally alters---not that that may even alter the views of some!!
Technical analysis will and does alter with price and volume action.
Poor technical tools such as MMA's will also lag due to their periodicy.
So this thread is likely to be harmonious and at logger heads strictly from the fundies point of view.
As techies we take it as its presented and change opinion as quick as is displayed in Price and volume.
The nature of both beasts.
Fundamental analysis of this or any other stock is unlikely to alter in the short term---even months may pass before something fundamentally alters---not that that may even alter the views of some!!
Technical analysis will and does alter with price and volume action.
Poor technical tools such as MMA's will also lag due to their periodicy.
So this thread is likely to be harmonious and at logger heads strictly from the fundies point of view.
As techies we take it as its presented and change opinion as quick as is displayed in Price and volume.
The nature of both beasts.
