PEN - Peninsula Energy

[barney]

Not aimed at anyone in particular, but out of curiousity, with everyone blowing their respective trumpets on how brilliant their analysis was/has been/and still is on PEN, and how it was a lay down mazare to drop from its false highs to its totally predictable lows .......

Did anyone on this Forum actually SHORT it ??

 

[skyQuake]

Not aimed at anyone in particular, but out of curiousity, with everyone blowing their respective trumpets on how brilliant their analysis was/has been/and still is on PEN, and how it was a lay down mazare to drop from its false highs to its totally predictable lows .......

Did anyone on this Forum actually SHORT it ??

Probably not as there was zilch borrow sitting around.

There around a 1c discount of PENOA to intrinsic for a while and no-one could take advantage of it due to lack of borrow.

 

[anthndp]

Not aimed at anyone in particular, but out of curiousity, with everyone blowing their respective trumpets on how brilliant their analysis was/has been/and still is on PEN, and how it was a lay down mazare to drop from its false highs to its totally predictable lows .......

Did anyone on this Forum actually SHORT it ??

No I didn't kind of new to the game but shorting will be something that may interest me in the years to come, but if your looking at a time frame from late january (when there were signs of a market pullback) to now not buying would have been clearly the 2nd best option. nothing gained but nothing LOST.

 

[tech/a]

How prey tell would you short it?
The only way I know of is CFD's
As I don't trade them or short anything but
Indexes --- no

 

[hangseng]

How prey tell would you short it?
The only way I know of is CFD's
As I don't trade them or short anything but
Indexes --- no

Pen isn't on the ASX short sell list and can't be shorted CFD's on IG Markets.

 

[barney]

Probably not as there was zilch borrow sitting around.

Agree sQ,

I noticed there were a few brave punters a couple of weeks back however who found some stock to have a dig with, but it seemed a bit pointless to me considering the R/R, even when weighing in the Japan issues.

I confess, as a holder of this stock, I was reacting to the continual seemingly pointless negative sentiment on the thread from those who have no vested interest (not you personally sQ .... your credentials are well respected )


Perhaps my previous question should have been ...... Did anybody, or has anybody who thinks PEN was/is a shot duck, checked whether they could have been shorting the stock?

My guess is that amongst all the analytical knowledge being posted to the negative on this stock, that very few have even considered the possibility of backing their downside analysis with cash ......

 

[barney]

Pen isn't on the ASX short sell list and can't be shorted CFD's on IG Markets.

Howdy Hang, True it cannot be shorted via IG, but it has been previously shorted via "normal" channels, but very little volume as alluded to by skyQuake.

I'd love to see the CFD providers take it on
Cheers.

 

[Garpal Gumnut]

As I have indicated, this is a hotcopper thread.

It reminds me of the Storm Financial mindset.

"It will be a winner because we feel or believe it is"

Low volume and a sideward movement, in the midst of a downtrend, would indicate that a lower price will be achieved.

The truebelievers would be advised to put in buy orders at 0.055, as per my chart of above.

gg

 

[barney]

As I have indicated, this is a hotcopper thread.

It reminds me of the Storm Financial mindset.

"It will be a winner because we feel or believe it is"

Low volume and a sideward movement, in the midst of a downtrend, would indicate that a lower price will be achieved.

The truebelievers would be advised to put in buy orders at 0.055, as per my chart of above.

gg

I think you will find that many of the "true believers" have been in well under that price GG

ps I do agree the chart is not pretty however.

pps Considering I have posted 3 of the last 8 posts, I am bemused how you see my content as "HotCopper" like ... I am mildly offended

 

[Garpal Gumnut]

I think you will find that many of the "true believers" have been in well under that price GG

ps I do agree the chart is not pretty however.

pps Considering I have posted 3 of the last 8 posts, I am bemused how you see my content as "HotCopper" like ... I am mildly offended

By definition, if you are offended, and not of a believing ilk, I must offer an apology.

One is sometimes judged by one's fellows.

Much of this thread is a rah rah "I'm a friend of PEN" perambulation. Much as one , I am told, sees on hotcopper.

The PEN announcements are pedestrian, the fundamentals ignore global sentiment and the charts look sick.

gg

gg

 

[Boggo]

The PEN announcements are pedestrian, the fundamentals ignore global sentiment and the charts look sick.

gg

exactly gg, simple Turtle view of the current state of play

(click to expand)

 

[hangseng]

By definition, if you are offended, and not of a believing ilk, I must offer an apology.

One is sometimes judged by one's fellows.

Much of this thread is a rah rah "I'm a friend of PEN" perambulation. Much as one , I am told, sees on hotcopper.

The PEN announcements are pedestrian, the fundamentals ignore global sentiment and the charts look sick.

gg

gg

"The PEN announcements are pedestrian, the fundamentals ignore global sentiment"

In your own words gg this is personal "opinion" and definitely not factual. The first is most certainly a personal opinion. In mine and many others more knowledgeable than me they are anything but "pedestrian". An extended use and seemingly good command of the english language doesn't make it factual, in this case far from it.

Company fundamentals are focussed on company development toward planned milestones. Global sentiment is a macro aspect that affects far more than just PEN. Company management have not ignored macro aspects, in fact they have constantly considered macro aspects and the planned development is shrouded by just this. To suggest otherwise is quite simply an incorrect assumption.

tech/a how you can pump your chest out and say you predicted the Tsnunami event and subsequent fall, is simply not factual. My statement surrounded the Tsunami event and you responded you did just that, quite simply you nor any other did any such thing.

 

[tech/a]

tech/a how you can pump your chest out and say you predicted the Tsnunami event and subsequent fall, is simply not factual. My statement surrounded the Tsunami event and you responded you did just that, quite simply you nor any other did any such thing.

I dont see Tsunami used in any of my pre or post analysis. Your vainly attempting to divert the issue from the analysis.
Weakness yes.
I'll say this slowly for you once again.

If a stock is weak it will be more susceptible to global events.

I made it clear that it would be wise to sell if 12.5c breached and as it turned out it certainly was.

 

[Joe Blow]

The last few posts in this thread have been removed due to pointless bickering and personal attacks.

I am rapidy losing patience with this thread and if the level of debate does not improve it will be closed and all discussion of PEN at ASF will cease until such time as I decide to reopen it.

No personal attacks. No baiting. Just news, relevant information and analysis please.

 

[Assasin]

Hey Joe,
you have to admit that the comment about marriage was pretty funny.
Sure made me laugh.
Keep up the good work.

 

[hangseng]

Todays announcement displays just how well the permitting process is going.

NUCLEAR REGULATORY COMMISSION HAS COMMENCED
FORMAL SAFETY AND ENVIROMENTAL ACCEPTANCE REVIEW

http://www.pel.net.au/images/peninsul---eiyaoxaeko.pdf

Peninsula’s Executive Chairman Mr. Gus Simpson said “The confirmation that the NRC expects to complete its acceptance review ahead of schedule is an example of the efficiencies being achieved through the pro-active involvement of Strata and the regulatory bodies during the new streamlined licensing process.”

The above statement is confirmed on the NRC ADAMS website. Outstanding news once again.

Current status in a chart:

 

[hangseng]

Amended permitting chart

My latest information is thet the WDEQ permitting will be carried out simultaneously so I have just bundled them together.

The only permits not shown there are:

1. Early construction exemption (I expect this earlier now)
2. Permit to toll (irrelevant to all other permits heading to production. This is "cream" on the already tasty cake)

Another great announcement today

 

[Megacents]

All the fanfare about PEN simply draws the attention of the opportunists looking for a trade on the next bounce.

Very true nulla nulla and it is good to see volume as it allows buyers and sellers to swap easily. Nice place nulla nulla.

 

[Megacents]

Did any one read the announcement of MOU with Strata and Crook County. Looks like PEN is forging links with many sectors.

That is the way to get the community on side. Well done

 

[tothemax6]

I dont see Tsunami used in any of my pre or post analysis. Your vainly attempting to divert the issue from the analysis.
Weakness yes.
I'll say this slowly for you once again.

If a stock is weak it will be more susceptible to global events.

I made it clear that it would be wise to sell if 12.5c breached and as it turned out it certainly was.

But surely what price PEN was at, and what price actions had occurred before that, was not really a factor. The fact that it was a speculative uranium explorer, and a nuclear accident had occurred resulting from a Tsunami, was the reason the stock dropped. It could have been flat for months and would have still plummeted on this news.
Would you not agree that your tech/a call is actually null, rather than a good or bad call? Obviously the fall had nothing to do with the price action and the 12.5c mark, and it was a coincidence you made your call just before the Fukushima incident.

I recall a famous trade in which the trader was short a Chinese manufacturing firm - but the stock was steadily rising in price. The trader was absolutely certain the firms fundamentals were poor, but the company went from strength to strength, and his boss simply kept pointing out the rising price. Finally the stock plummeted, and the trader keenly informed his boss that his trade had been correct after all - it was April 1989.
His boss replied "The way I see it, is that it took a revolution of a billion people for your darn short to work out".