PEN - Peninsula Energy

Ubershrewd · 30 August 2011

Chalea said:
New week, another new low...:22_yikes:

View attachment 44262

Pardon my ignorance, I have read elsewhere that the spot price is not particularly relevant to PEN since we are talking contracts, long term pricing.

Can someone clarify? I see PEN site displays the long term contract price of uranium.

Chalea · 31 August 2011

Ubershrewd said:
Pardon my ignorance, I have read elsewhere that the spot price is not particularly relevant to PEN since we are talking contracts, long term pricing.

Pardon my ignorance, but is PEN a producer?
Also, wasn't the DFS meant to be released in January?...:bs:

Can someone clarify?...long term...

Long term support for uranium is $10...
Today is D-Day for the long term momentum bearish cross over...:bananasmi

Chalea · 31 August 2011

Chalea said:
Today is D-Day for the long term momentum bearish cross over...:bananasmi

For those interested in the short term, here's the 15 and 60 minute charts...

15 minute chart shows bearish divergences between price and MACD and RSI.

60 minute chart shows the MACD is about to, (unconfirmed), make a bearish cross over.

Click chart

corn:

Chalea · 31 August 2011

This chart shows -

1) The recent confirmed bearish reversal candlestick pattern, (Doji Star), and

2) A study of the last few overbought Slow Stochastic scenarios. PEN is currently overbought...

Click to enlarge

sammy84 · 31 August 2011

Chalea said:
This chart shows -

1) The recent confirmed bearish reversal candlestick pattern, (Doji Star), and

2) A study of the last few overbought Slow Stochastic scenarios. PEN is currently overbought...

Click to enlarge
View attachment 44279

Are you actually short Pen? If so have pyramided down? Or is all this analysis for fun?

Chalea · 1 September 2011

sammy84 said:
Are you actually short Pen?

No

If so have pyramided down?

No

Or is all this analysis for fun?

No

What happened to the monthly, (sometimes fortnightly LOL), Broker reports who were up until June 30 spruiking 15+c targets?

I believe the 'pump and dump' PEN chart still has more to fall, yet others are still saying it'll hit "more than $1"

Ain't free speech grand!

notting · 1 September 2011

Ain't free speech grand!

Sure beats Chinese propaganda!

Chalea · 1 September 2011

notting said:
Sure beats Chinese propaganda!

And Chinese water torture...

Bearish pennant support now @ 5.3c

sammy84 · 2 September 2011

Chalea I'm not arguing with your analysis, in fact I have agreed with most of it, I just don't understand why your not shorting PEN based on your analysis.

If I'm not trading a stock, or potentially going to trade it, I couldn't care less about it. I'm here to make money, not to be right or wrong.

Chalea · 2 September 2011

sammy84 said:
...I couldn't care less about it. I'm here to make money, not to be right or wrong.

sammy

This is my 150th ASF post.
Believe me when I say I only intended to post once.

Regrettably I was welcomed with this -

tech/a said:
To suggest that price respects a displaced M/A is pure lunacy...

and this -

hangseng said:
You displayed how useless your TA was then and your constant cut and paste TA has once again been picked by astute TA posters.
You are way out of your depth in this forum and I will enjoy watching you get cut to shreds once again by far more astute analysts.

Faced with that, who wouldn't relish the challenge of proving themselves?
How does a forum make you money?

Regards

skyQuake · 2 September 2011

Chalea said:
Faced with that, who wouldn't relish the challenge of proving themselves?
How does a forum make you money?

Forums are just places to exchange ideas... or better still..

skc · 2 September 2011

skyQuake said:
Forums are just places to exchange ideas... or better still..

I showed that to my wife and she's left me alone since. She knows how important it is for me to tell strangers how wrong they are.

Chalea · 2 September 2011

skyQuake said:
Forums are just places to exchange ideas... or better still..

skyQuake

As soon as I'm wrong I'm gone...:

Have you got an update to this chart?

Chalea · 2 September 2011

skc said:
She knows how important it is for me to tell strangers how wrong they are.

Is it wrong to tell strangers that it's a mistake to contact management and believe them?

:bad::bad::bad::bad::bad::bad::bad::bad::bad::bad:

Chalea · 2 September 2011

skyQuake said:
Forums are just places to exchange ideas...

Here's an idea!

Click chart

skc · 2 September 2011

Chalea said:
Is it wrong to tell strangers that it's a mistake to contact management and believe them?

It's not wrong to tell them. It's probably wrong to believe that they will believe you.

You know how it is. Share price only falls when management don't communicate enough. If all CEOs respond to small retail holder emails within 30 minutes I am sure your average small spec punter will make trillions and trillions of profit.

Chalea · 2 September 2011

skc said:
You know how it is. Share price only falls when management don't communicate enough.

Agreed!
"Communicate" is an excellent euphemism...

What did you think of their latest PR release?

Link

skc · 2 September 2011

Chalea said:
Agreed!
"Communicate" is an excellent euphemism...

What did you think of their latest PR release?

Link

As I have said elsewhere on this forum, I firmly believe that the current debt crisis will be resolved imminently with the bundling up and issuing of Earth bonds. The target for Earth bonds are predominantly Martians. Perhaps the Martians will demand uranium as a security guarantee.

Actually... I suspect that some Martians have been down ramping uranium stocks....

Chalea · 2 September 2011

skc said:
Actually... I suspect that some Martians have been down ramping uranium stocks....

Probably Maortians...:aliena:

Were you aware of the Sovereign risk associated with PEN's South African Karoo project?

"A SENIOR South African government adviser says investor worries about nationalisation of the mining industry are justified.

Sandile Noxgina, a former director-general of mines and now adviser to Mines Minister Susan Shabangu, said it would take almost a year for the African National Congress government to decide on nationalisation.

Some have played down talk of nationalisation, which is supported by the hardline ANC Youth League, but Mr Noxgina disagrees.

The concern "is justified", he said yesterday at the Africa Downunder mining conference in Perth."

Link

"Malema has no direct policy-making power but is one of the ANC's most popular politicians and has won admiration among millions of poor South Africans and alarmed investors with his calls to nationalise the mines.

Some in South Africa fear nationalisation could bankrupt the country and destroy its credibility among investors. But the idea resonates with the country's poor black majority who see it as a way to spread the wealth from a sector that grew powerful along with white-minority apartheid rule"

Link

skyQuake · 3 September 2011

An update? Why yes of course!

False break yadda yadda culminated in crack of March lows which I suspect washed out most ppl. Agree that its gonna break out soon one way or another. Would suspect up for gap fill at 0.068, plus the fact that the oppies are trading at fair value prices rather than discount like at 7~8c.
Vol is quite low so even if u can get borrow on it, not that tradable. PDN a better bet whatever your view is.

fwiw, I'd rather be profitable than right

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