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PEN - Peninsula Energy

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We have two different class of investors/traders here with different investing/trading goals debating here. Clearly there will be opposing opinions, especially when we put emotions into the mix.
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Billy I actually agree with you.

Our learned Fundamentalists have no other option but to take a longterm view.
My technical input is I hope there for those who do not wish to take such a volatile trade/investment option. I have also been instrumental in pointing out the consequences of such volatility --- some trades decimated by 50% on open profit---.
A cardinal sin for a trader!---an occupational hazard for some Fundamentalists.

Ill continue to follow as there will be
low risk opportunity to take this trade and profit in the future (I may miss it being away for a couple of months---a traders occupational hazard!) without wild volatility.
 

More: http://www.bloomberg.com/news/2011-...at-s-where-profit-is-for-exelon-real-m-a.html
 

tech/a one of your better posts, and it may surprise you I generally agree with you, apart from one aspect.

"Our learned Fundamentalists have no other option but to take a longterm view."

In my case I could sell PEN on monday for a rather handsome profit. Also in my case, as I can't speak for others, I have many options open to me. This due to the manner I managed my investment into a very profitable position over time.

The massive swings in PEN of late are obviously providing great short term trade opportunities, for those with quick thinking predictive skills. I don't possess such a skill but would love to see any T/A IN ADVANCE of these massive swings and I to will take advantage.

I have never seen this skill here or elsewhere, but it would be interesting to see such an outstanding use of T/A. Always on the look out for exceptional opportunities and this if proven would provide something quite special for ASF members.

Imagine if we could have been told the Tsunami was happening tomorrow and the sp would go from 13 to 5.6 and then bounce to 10.5 and back to 8 and then 9.3 to 8.1 in a day? We would all be outstandingly wealthy and forever greatful.

On a serious note though, I do like seeing all factual fundamental views and good T/A. All aids in making sound investment and trading decisions.

For now I await the next round of critical announcements over the next couple of weeks.
 
I don't possess such a skill but would love to see any T/A IN ADVANCE of these massive swings and I to will take advantage.
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Hell how more advanced can you get than that posted here well in advance.
You didn't take advantage of it because you didn't believe the analysis---have a re read--- apparently I was dreaming!

Post #1004

I have many options open to me. This due to the manner I managed my investment into a very profitable position over time.
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Your happy with your investments---fine--I think you could have handled PEN way better.---but your in it for the long haul.
 
Sorry tech/a yws I must have mised your Tsunami forecast. But I I am sure you would like to remind us all of how you did this, I for one can't recall you doing so, nor do I recall you picking all of those swings I mentioned.

Yes I am very happy with my investment decision, with all of the now associted taxation benefits that would otherwise not been achieved with a pure trading means.

My SMSF accountant and auditor is also astonished at what has been achieved in comparison with both the market general and funds. So I would hazard a guess I am doing just fine.
 


Thats a really interesting post.

You actually need there to be a Fundamental reason for every occurrence.
Where as I only need weakness to be apparent or strength----supply or demand.
You NEED a fundamental reason for either to be confirmed. Often way way too late
if ever seen---many times drops/rises without explanation.

Explains a lot.
 
I often go on about placing yourself IN FRONT of opportunity and waiting for it to hit you.

A technically weak stock will get hammered by ANY negative news.
PEN constantly releases positive spin and that does have an impact on investors.
But I'm afraid Tsunami's trump company announcements and so does Inflation figures.

On the flip side if your riding opportunity and you can see weakness appearing in your opportunistic trade/s I think it would be wise to take notice of that weakness and its strength IN FRONT of any unknown fundamental fragility.
PEN isn't alone in technical fragility.

If we look at the market as to where it has been and to where it is going I'm sure I'm not alone in erring to the very cautious.
There are times to bet the house----this isn't (in my view) one of them---regardless of stock!

Already we are seeing a Tough budget (threatened to be released) hammering the index
Try to imagine a swift downturn in Europe and /or the US added to our situation!!---best get in front of it as early as you can.
 
Some sense at last re PEN.

There are more sellers than buyers atm, and the share price has not risen as a result.

Once there are more buyers than sellers, with volume, it will advance.

Simple.

gg
 
Garpal Gumnut said:
Some sense at last re PEN.

There are more sellers than buyers atm, and the share price has not risen as a result.

Once there are more buyers than sellers, with volume, it will advance.

Simple.

gg
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Brilliance gg

Thought provoking brilliance that covers every stock on the ASX and yet it draws the need to be posted on PEN.
 
tech/a said:
Hell how more advanced can you get than that posted here well in advance.
You didn't take advantage of it because you didn't believe the analysis---have a re read--- apparently I was dreaming!

Post #1004
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Post 1004 below (i had to look ) i cant see any grand predictions tech :dunno: all i see is the usually "could go either way" analysis that charty types seem to always come up with.

tech/a said:
(7th-March-2011) Dont have a problem holding PEN just a matter of getting it set at a good price (If your late on the action like I am.)

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~
 
tech got stopped out at 13 a bit earlier, and posted gtfo if it gets below 12.5.
Seems fairly clear

Heaven forbid any bearish price targets in a bull thread!

-------------------------------

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
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Might be a lesson here: When something gets into commsecs top buys (excluding asx50s) get outttt!
 
Definitely sell PEN when it's in the top buy list because it means a tsunami is coming
 
indeck said:
Definitely sell PEN when it's in the top buy list because it means a tsunami is coming
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That's definately going to put you on someone's ignore list. Are you scared??

Here is a bit from Wise-owl, i don't like posting stuff from their website but this should clear up the fact that a reversal in the market was evident in late Jan. PEN bucked the trend for a week or 2 but was also in a revesal in late Feb, whilst everyone was chanting 18c, 20c, 50c & $1.

During the final half of 2010 global share markets staged a strong rally, gaining in excess of 20 per cent. After becoming over extended, this upward bias was surrendered early in the new year. Evidence of exhaustion prompted a downgrade to our near term market view in late January. Our ‘market meter’ has since swayed between ‘cautious’ and ‘neutral’, a position justified by the absence of a dominant trend.


Subsequent trade during 2011 has seen most major indices effectively trade sideways. This malaise was interspersed by a much overdue ‘shakeout’ during the month of March. The retracement saw benchmark indices post high single digit percentage declines, although riskier sections of the market experienced falls twice as severe.
 
This is Gold, abit dated 11th April so feel free to delete it if need be.

Price Trend
[price change of PEN in brackets] PENOC decreased 1.5% for the day [3.4%]; plummeted 9.7% for the week
[6.5%] and crashed 33.7% for the month [31.2%].

But to balance the post up

Trailing five years
A two-bagger in the past five years, the value of $1,000 invested five years ago is $2,515, for a capital gain
of $1,515.

Good but not great for a spec with such promise as we are lead to believe, certainly not 70 pages worth IMO.
 
On the SURFACE could be viewed by the in experienced as wise and timely words.

Dig a little deeper and perhaps going forward isn't as crystal clear as presented.

Garpal Gumnut said:
Some sense at last re PEN.

There are more sellers than buyers atm, and the share price has not risen as a result.

Once there are more buyers than sellers, with volume, it will advance.

Simple.

gg
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hangseng said:
Brilliance gg

Thought provoking brilliance that covers every stock on the ASX and yet it draws the need to be posted on PEN.
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So lets look at why PEN is likely to stay in a wide range for a long long time.
Months before things materialize.

Some may find Thought provoking stuff for PEN only and NOT every other stock in the ASX.
If only it was as easy as our learner ed pundits think it is!!

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So_Cynical said:
Post 1004 below (i had to look ) i cant see any grand predictions tech :dunno: all i see is the usually "could go either way" analysis that charty types seem to always come up with.
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A quick refresher of some previous posts.

If tech/a didn't predict it then who are the posts below responding to ?

TabJockey said:
I think your dreaming at 9.5c I would be very surprised if it was sold to that.
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ColB said:
9.5c??? The best you will do is 12.5c Tech. Get in while you can, it is going to bounce back to 14.5c in the next couple of days
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barney said:
9.5 eh Tech ..... Its only fair I give you the chance to get me back .... plus you would be getting one heck of an entry ...... I'm in .... 18.5 cents before 9.5 cents
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And the only sensible post was left til last....

chensteiger said:
I am thinking of putting a sell trigger at 0.12 if 0.125 resistance wipes.
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All the fanfare about PEN simply draws the attention of the opportunists looking for a trade on the next bounce.
 

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