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I'm trying to resist saying that I'm heartened that your new resistance ex support line is at least heading in a some what positive direction.
PEN - Peninsula Energy
- Thread starter dingos
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Would you have said that four years ago?
Same set up, (recent support break, price hugging lower Bollinger band, RSI < 50 but not oversold)...
Click
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This mockery of technical analysis aside, do you have a point?
Even if it goes to 1c do you make any money out of it? After the first few altruistic charts and calls for ppl get to get out (which were perfectly fine) its getting a bit stale.
For the third and final time I will ask you. Do you actually trade?
There have been boatloads of opportunities this week and last from micro caps to big caps. Perhaps effort could be better redirected at legitimate setups and trading opportunities than daily untradable targets.
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Please refrain from mockery until your analysis betters mine...
"PEN has recently made a beautiful double bottom, with a strong rejection of the lows."...:shake:
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What part of a 30% bounce from the lows isn't beautiful?
not sure about you, but I'm pretty happy with catching 1/2 that bounce rather than posting untradable downside targets.
I retain every right to mock t/a that is misleading or incorrectly applied (like most of yours are) Bearishness and bullishness has nothing to do with it.
It may come as a surprise but PEN going lower isn't because your charts said so.
I get calls wrong all the time, but I move on and trade the next step. Eg that breakout on the daily turned into a false break; traders dogpiled on, but macro events/whatever else made it run out of steam. Supply came out of the woodwork and suddenly there were all these breakout traders who were underwater and needed to bail out.
That was the framework for the downmove, coupled with other uranium stocks + world markets rolling over. Definitely not because 2 lines were coming close together.
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Agree 100%
Has NuCore's due diligence included a glimpse at PEN's chart?
Is that the reason why the "imminent" DFS still hasn't been released?
Link
hangseng
Gong Xi Fa Cai
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No I haven't sold, but I do have a wad of cash, and a little more now thanks to a nice trade on CCC today. In and out within an hour...I could get to like TA
...I truly have no idea what it is all about it was purely a trade based on price and volume. My cash came from trading other stocks in the last few weeks and selling some in good profit.
Beginners luck? Maybe... but a bit of taking notice of tech/a's past info didn't hurt
Right now I am sitting trying to decide is this it and time to add to my pile. So far it looks like it maybe but I do have to agree the chart looks about as healthy as as me after a dose of bad street food
I am sitting on this cash for now in the hope some analysts (outside forums) were right and another dip would come. So half in half out so to speak. Even my most respected analyst Charlie Aitken of Bell Potter said it was highly possible, if not probable. And he is a resource stock Bull.
But now out of left field comes this pearler...
and this...
Is the fall of the U price over and a double bottom about to play out...a double test of the Fukushima lows maybe????
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skc
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No I haven't sold, but I do have a wad of cash, and a little more now thanks to a nice trade on CCC today. In and out within an hour...I could get to like TA
Thanks for clarifying. Good luck.
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Uranium was a bit of an analysts and market darling leading into F@#$UpShema.
It was interesting watching them singing from the same hymn book quite consistently.
This was quickly revised.
However, China is going to be a massive user and is building many, many uranium based electricity producing plants.
After reviewing their plans after F@#$UpShema. China is going like a bull at a red flag for uranium!!!
It didn't take them long to make a bid on BMN after the disaster which they believe they will receive little resistance to as it is not in Australia who would deem it a possible security issue.
What they are hoping for from PEN, is a little unclear. Perhaps they are hoping to make the deal between PEN and NuCore more difficult by seeking to drive down the the price of PEN, taking a chunk of the holding and be difficult.
Hard to say.
I'd be supprised if they went for a full take over.
It was interesting watching them singing from the same hymn book quite consistently.
This was quickly revised.
However, China is going to be a massive user and is building many, many uranium based electricity producing plants.
After reviewing their plans after F@#$UpShema. China is going like a bull at a red flag for uranium!!!
It didn't take them long to make a bid on BMN after the disaster which they believe they will receive little resistance to as it is not in Australia who would deem it a possible security issue.
What they are hoping for from PEN, is a little unclear. Perhaps they are hoping to make the deal between PEN and NuCore more difficult by seeking to drive down the the price of PEN, taking a chunk of the holding and be difficult.
Hard to say.
I'd be supprised if they went for a full take over.
hangseng
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That post displays how mindless your thought processes actually have become.
At $40 almost all current producers would stop producing due to the cost of production (except for PEN and a few others), creating a worldwide massive shortage in supply. It is laughable to state the least.
What happens when supply drops off and demand increases, with any commodity????
Demand is going to increase, that is now a given. Where will the price go? Definitely not $40....
A new level of ignorance, or is it just plain incompetence, has just been achieved.
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...but I do have to agree the chart looks about as healthy as as me after a dose of bad street food
I am sitting on this cash for now in the hope some analysts (outside forums) were right and another dip would come. So half in half out so to speak. Even my most respected analyst Charlie Aitken of Bell Potter said it was highly possible...
"…Totally despised uranium stocks should make at least a temporary low in the next few weeks, believe the unbelievable or not."
James Dines
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That post displays how mindless your thought processes actually have become.
At $40 almost all current producers would stop producing due to the cost of production (except for PEN and a few others), creating a worldwide massive shortage in supply. It is laughable to state the least.
What happens when supply drops off and demand increases, with any commodity????
Demand is going to increase, that is now a given. Where will the price go? Definitely not $40....
A new level of ignorance, or is it just plain incompetence, has just been achieved.
LOL...spot the "imminent" obvious historical support level...
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From the way I see it driving the price down is beneficial to NuCore, not a stumbling block, as they will end up with a far greater number of shares and options.
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"Within the next 15 years as many as 100 industry standard 900 MW nuclear reactors, concentrated in the "old nuclear' countries will have to be decommissioned, dismantled and made safe - unless the sinister farce of reactor operating lifetime extensions goes on playing. In some countries, especially Germany, Switzerland and probably Japan this farce has already ended or could end very soon. When it does, nuclear debt will go into overdrive from its already high gear shift setting.
Nuclear power is capital intensive, lives on subsidies, thrives on false hopes and dies in debt.
...the near-term future crisis of reactor decommissioning - which should (in a sane world) only hasten the total abandonment of this failed option for supplying "cheap, clean and safe" power."
Link
Nuclear power is capital intensive, lives on subsidies, thrives on false hopes and dies in debt.
...the near-term future crisis of reactor decommissioning - which should (in a sane world) only hasten the total abandonment of this failed option for supplying "cheap, clean and safe" power."
Link
