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PEN - Peninsula Energy

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PEN has had some high volume trading days, but I don't recall ever seeing it on the Commsec most bought list?

CommSec Most Popular Stocks

Sells

NAB
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Buys

ANZ
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BHP
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PEN
 
barney said:
CommSec Most Popular Stocks



Buys

ANZ
TLS
BHP
WES
RIO
PEN
Click to expand...

Starting to make a little sense now

Recent orders ....

4,307,483 $646,122.45


3,529,222 $529,383.30


4,400,041 $660,006.15


4,150,037 $622,505.55

Nice
 
barney said:
PEN has had some high volume trading days, but I don't recall ever seeing it on the Commsec most bought list?

CommSec Most Popular Stocks

Sells

NAB
CBA
NCM
AXA
QBE
MYR

Buys

ANZ
TLS
BHP
WES
RIO
PEN
Click to expand...

Hey barney well picked up, Ive been lookin for Pen on there but never seen it.

I think its really interesting but what ive noticed is 90% of the time if one of my shares are on the sell side then they go up in price. If there on the buy side they ussually are going down in price and some/ most times in a big way.
The fact Pen is on the buy side and increaseing or holding 15 to 15.5 cents must be a good thing???
Though i dont know???????
 

True Matt .... Lets see if PEN can buck that trend

Todays .... Price levels /................ Volume Traded

................ 14.5 .............................1,566,104

................ 15 ..............................32,106,743

................ 15.5 ............................ 8,340,866


The 14.5 support level level is starting to look even more solid, but nothing is set in stone of course ........ Very happy to see a lot of shares changing hands at this level, which should set a more solid base for any further bounces
 
prawn_86 said:
7ft is the length of the intersection, not the depth. As far as i understand it, haven't read the actual ann but thats how it usually is
Click to expand...

That is correct prawn.

I am still hoping as they progress that the "masking" aspect will become evident. If it does then things should get just a little exciting...again.

Spot on miner, the grades are very high. It is one of the reasons I selected PEN over some others in the first place, with the main one being the ISR advantage in Wyoming.

The initial celebrations are over miner, if I kept up celebrating I wouldn't get to see and enjoy the final outcome.

Speaking of charts, PEN's weekly is particularly attractive...
 
Hey HS i see you said the chart looks good. On the HC website Moneybags and posted a chart and these comments.
Any chance you could throw your chart up and comment???
Where's Tech A these days? Any analysis would be great too.
+Closed off low
+Long termers shouldn't worry about the negatives

-Turn date quite possible
-Rejected channel at 0.155
-MACD turned down
-Stoch overbought and crossing down

May find support at 0.125 (23.6%FibR). Failing that, 0.115 (channel support, and depending how long it takes, possibly MA support). As such I have split my order over 0.125 and 0.115.

If it goes to 17c tomorrow I expect a lynch mob and fundamentalists smugly telling me I shoulda held. I'm okay with that, I've acted on what I believe is the statistically more likely outcome.

ST sell, LT buy.
 
I never saved it Matty, however I can duplicate it and will as soon as I can to show what I was looking at.

Another very healthy correction today, however I noticed at was well supported at 13.5. Will it hold or is there a bit more? No idea and what will be will be, but I had another dip in today at 13.5 as I liked what I saw.
 

Haha,
Im waiting in the que at 10.5 for some more Penoc, see what happens. Those Penoc blokes are holding tight though, i know i won't be selling the ones i got for 8.1 cents.
 
axelord, not much discussion here and too much on HC , don't figure ?
I bought in at 14.5c a few days ago, a bit of a high entry point considering the last few days sell off, but don't see this stock staying low for too long.
 
i got in along with you at 14.5 Howman. I almost held off thinking a correction looked very due oh well...all should end well. Looks like a 50% retrace now (from last correction). I suspect buyers entering in here and sp resuming back up from here. Wish i had some loose cash to throw in before it does.
 

14 cent close let see where we close tomorrow!!!
 
hangseng said:
Another very healthy correction today, however I noticed at was well supported at 13.5. Will it hold or is there a bit more? No idea and what will be will be, but I had another dip in today at 13.5 as I liked what I saw.
Click to expand...


As you said the other day Hang .... the correction is healthy. A tree doesn't grow to full strength unless you prune a few loose branches out when its young.

Lower Volume yesterday to be expected with the shaky global markets, but still holding up well.

(Thursday 24th Feb)

Price Level........Shares Traded........Value Traded


12.5 .................. 73,333.................$9,166

13 ....................7,625,810 .............$991,355

13.5...................8,183,638 ............$1,104,792

14 ................... 328,576 .................$46,000
 


Another Low Volume consolidation day around the 13-13.5 area ...... more than happy with that after the recent strong run up

If the general market ranges down over the next week or two, PEN may drift a bit lower, but while ever the volumes are light, I won't be losing any sleep:sleeping:


(Friday 25th Feb)

Price Level........Shares Traded........Value Traded

13....................4,076,670 ............$529,967


13.5 .................6,482,574 ............ $875,149


14 .................... 1,595,511 ............ $223,371
 
My chart musings for the weekend.

I believe we 'may' see a retest of 11.5/12, but 'more likely' another bounce (already done twice) of the centre trend channel at 12.5/13 to retest 15.5.

If 15.5 holds nexet resistance about 17c, with target 20c and then most likely another test of 17c.

I believe my more bullish stance is warranted as PEN has many significant announcements about to come out, some that change PEN completely.

Also the double test and hold of 12.5 on down market days and the weakening negative periods of the Parabolic SAR (11, 8, 5, 3). Add to that PEN retested 12.5 on lower volume and the fact the On Balance Volume (OBV) continues to trend upward.


Daily chart with comments:
* Fib Extensions (Light blue)
* Fib Retracements (Red)
* Parabolic SAR (white dots)
* Linear Regression Channel (Trend channel - 3 yellow lines)
 

Attachments

  • PEN Daily 25_02_2011_comments.png
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Nice work hang Looks like some "tech-nical" analysis there haha, but am with you on the scenario that 12.5/13 will hold firm now with upside being the risk
 
jonojpsg said:
am with you on the scenario that 12.5/13 will hold firm now with upside being the risk
Click to expand...

Agree Jono. Ideal scenario would be to see a nice easy push back through the recent highs on low/modest volume to verify that as a previous "accumulation zone" .....

Probably more likely to see a bit of resistance at the 14.5-15 level you'd think. There may be a few traders who got "caught" at the highs and may be happy to take a scratch trade if it revisits those levels.

Still happy to keep mine tucked under the matress

(Monday 28th Feb)

Price Level........Shares Traded........Value Traded

12.5....................135,500 .............$16,937


13 .....................6,690,687 ............ $869,788


13.5 ................. 1,151,684 ............ $155,476
 
Pretty solid support around the 13 cent mark. Can we assume this is the new lift off point for PEN sometime in the future.

The forum gets pretty quiet when not much happening re SP.

Waiting for results from Karoo on site 29 and site 22 work should or already has started.

Events over seas are playing into the long term plans of PEN. The need for uranium for baseload energy production.

Another scenario to take into consideration is the supply imbalance in the USA. Pen/Strata has already signed a home grown contract. I believe the American utilities will be very eager to to get a potential home grown supply from a stable state which is also pro-uranium.

The quiet times are the ones to digest data and produce information.
 
Announcement out this morning.

PEN has now been included to All Ordinaries Index.

Provided PEN holds the market cap required the next adustment will see PEN in the ASX300.

A feat not achieved by most of the uranium company hopefuls.
 
Hey all,

This is my first post on this forum, however I have been following the activities of this thread for the last 6 months.

I have held PEN for around 18 months and am very happy with the progression of this stock. A freshie to the stock market, I did plenty of research prior to committing to PEN when it acquired it's Lancing project. I just want to thank everyone here for the insightful information that has been provided, the fundamental perspectives of H/S, Miner, Barney, Megacent and co has been enlightening. The T/A and charting of Tech/A has also been extremely educational.

I have a question regarding the recent ann on the introduction of PEN to the S and P All Ords Index. I realise that entry into the ASX 300 allows investment firms to acquire a greater percentage of PEN as it is still considered a speculative stock. But what effect does entry to the All Ords Index have?

Keep the conversations up, I am sure I speak for all when I state that 'your knowledge and expertise are greatly appreciated by all viewers, especially those that are too scared or shy to leave a comment'.

Go PEN

P.S: Gong Xi Fa Cai to you too HangSeng!!
 
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