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PEN - Peninsula Energy

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Great thread

Fundies, analysts and techies agree PEN is a buy

Hope that doesnt mean the @rse will fall out :

Disclosure, I hold, topped up yesterday too
 
Broader market is wobbly, PEN sentiment strong. I guess they're canceling each other out. Takes a huge amount of momentum for a 'trading stock' to power against the broader market. Like swimming upstream.
 
Gringotts Bank said:
Broader market is wobbly, PEN sentiment strong. I guess they're canceling each other out. Takes a huge amount of momentum for a 'trading stock' to power against the broader market. Like swimming upstream.
Click to expand...

Could it be the fact that UBS or who ever they are holding for, are making a play for PEN over time? Perhaps one of the big uranium players??

Citicorp 10%
PALA Not sure
UBS 15%
Management Not sure but a large holding 10-15% ???

The above figures are from memory and Jan top twenty
http://www.pel.net.au/images/peninsul-29--eequoovoot.pdf
 
Here comes 14 all but slowly!!!

11:37:46 AM 0.140 100,000 14,000.00
11:27:14 AM 0.140 10,000 1,400.00
11:00:10 AM 0.140 7,500 1,050.00
10:58:10 AM 0.140 9,416 1,318.24
10:55:43 AM 0.140 30,011 4,201.54
10:55:43 AM 0.140 30,000 4,200.00
10:55:43 AM 0.140 14,989 2,098.46
 



OPPS
Some one threw a



In the works.
 
Oh C'mon!! Wheres all the excitement gone??

i had a great day Pen hit 14 a few times and ended up at yesterdays high of 13. Bit of profit taking?? i dont really know much but it was fun and did trade well considering the rest of the market??
Im sure the tech's will give us the bigger picture!!
 
I'm still excited Matt, I've been on this since late October With what GB mentioned about what was going on over at HC, I'm half expecting a 'High Point Reversal' shortly. If it comes, for me this is time to take some coin off the table.
 
Market Depth said:
Was out and about with my Dad today, so had a day off trading. Is PEN still looking good Feallas?
Click to expand...

Howdy MD, I'm sure your question is rhetorical, but for the benefit of any holders who see todays SP as a reason to get nervous ......

Price Level ..... 14 cents ..... Volume ..... 1,091,201

Price Level ...... 13.5 cents ... Volume ..... 21,241,880

Price Level ..... 13 cents .... Volume ..... 5,331,888

Price Level ...... 12.5 cents ... Volume ..... 582,748


We can make all sorts of assumptions on the above, but my guess is .... If it looks like accumulation .... it's probably accumulation.

Of course, if the "accumulators" get the chance to bump the SP down to lower levels with minimal effort to pick up stock at cheaper prices .... that is what they will do

This level was always going to be an interesting one, with both the Options (PENOA + PENOC) getting to "important" levels)

The large players will want as much "option stock" as possible around these levels, and it will be interesting to see how much they can force out of we retailers grip. (They are not getting mine

ps What the heck is a "Fealla":
 


It actually closed at 12.5 Matt.

If the retail buyers start to thin out at these levels, the "accumulators" will have some scope to "push" the SP around a bit in the short term.

I'll be buying lottery tickets before I give mine away !!
 
Thanks for doing that barney Looks like good support in the 13.5 range. I'm out again tomorrow, so have SMS alert going now. Hopefully it will just be a 'Slow Burn' into the support area.
 
Market Depth said:
Thanks for doing that barney Looks like good support in the 13.5 range. I'm out again tomorrow, so have SMS alert going now. Hopefully it will just be a 'Slow Burn' into the support area.
Click to expand...

Yeah lets hope so MD .... There are some big players who could move this a long way in a hurry (either way) if they wanted to, and its about the level where they may try and "spook" us poor retailers into submission

The recent accumulation by Pala and USB puts a real fundamental base under it for mine, but I've been in for quite some time, so a bit of heat is to be expected .... maybe even a potential top up scenario ..... I just don't want to have to buy lottery tickets yet
Cheers.
 


The way things are currently looking on the FTSE and DAX if the US follows suit and the O/N SPI keeps falling like it is.

That Spanner is going to turn into a wrench!
 
tech/a said:
View attachment 41291

The way things are currently looking on the FTSE and DAX if the US follows suit and the O/N SPI keeps falling like it is.

That Spanner is going to turn into a wrench!
Click to expand...

Personally I think a short term retrace all round looks healthy. The FTSE needs to test and prove the 6000 area ..... The Dax needs to test and prove the 7200 area, and I'd be happy for the Dow to retest 11850 so long as it bounced from that point.

You still holding PEN tech?
 
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