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 ??
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 ??
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
Probably not as there was zilch borrow sitting around.
Pen isn't on the ASX short sell list and can't be shorted CFD's on IG Markets.
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
The PEN announcements are pedestrian, the fundamentals ignore global sentiment and the charts look sick.
gg
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
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.
All the fanfare about PEN simply draws the attention of the opportunists looking for a trade on the next bounce.
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.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.
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