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PDN - Paladin Energy

Discussion in 'Stocks I-P' started by tech/a, Jan 11, 2005.

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  1. tech/a

    tech/a No Ordinary Duck

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    Another pullback opportunity(Missed by myself)
     

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  2. phoenixrising

    phoenixrising

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    Re: PDN

    Tech/a,

    Is there good intra-day softtware that you know of to pick up these moves?

    Cheers.
     
  3. tech/a

    tech/a No Ordinary Duck

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    Re: PDN

    I have Marketcast which is what Guppy uses.Its a bit pricey at $400 to purchase software and $180/mth.

    Even so you still have to perform the scans.If your not in the office you cant do it.Ideally an auto scan at 1 hr intervals looking for stocks that have risen X% on Xvolume would be ideal.

    I used to post the scans on REEF whenever I was at the office at scan time.
    There wasnt much interest there as they dont play short term moves.

    If interest is here Im happy to post the scan at say 10.30 SA time and say 2.30

    Youll get.
    % gain
    Volume
    Gap up %

    From there you can check the charts (if you have intraday) Im happy to post the chart of most interest to myself.
    But there are times Im not in the office so you could miss a few or they could be late by whatever.
    If there is an interest then let me know.

    Ill post one today and see what you think.

    tech
     
  4. doctorj

    doctorj Hatchet Moderator

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    Re: PDN

    That'd be fantastic.
     
  5. GreatPig

    GreatPig Pigs In Space

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    Re: PDN

    Finally, the breakout I've been waiting for.

    May it live a long and prosperous life :D

    Cheers,
    GP

    [Disclaimer: I hold]
     

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  6. GreatPig

    GreatPig Pigs In Space

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    Re: PDN

    After a bit of consolidation, up again. Currently at $1.41 as I write.

    Cheers,
    GP


    [I hold]
     

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  7. chansw

    chansw

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    Re: PDN

    It closed at $1.78 today and has been go up quite a lot in the last few days. Anyone has any comment? Thank you.
     
  8. GreatPig

    GreatPig Pigs In Space

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    Re: PDN

    My only comment is :D :xyxthumbs :bananasmi

    Cheers,
    GP
     
  9. GreatPig

    GreatPig Pigs In Space

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    Re: PDN

    Seems to be forming another small triangle now. If I remember correctly, a top-side breakout would have a target of around $2.20 or so. If it fails, I'm outta there. :D

    Cheers,
    GP
     

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  10. tech/a

    tech/a No Ordinary Duck

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    Re: PDN

    GP.

    Havent been following this!! Glad to see your getting a great ride!!

    Isnt this a great example of whats considered too late to get on.
    After I posted the fact that I thought I'd missed it I promptly forgot about it and from there up 100%. :cautious:

    Dont know that I'd be in such a rush to leave if in your position GP.
     
  11. GreatPig

    GreatPig Pigs In Space

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    Re: PDN

    I'm in no rush as long as it keeps going up. :D

    Since my gains on this one form a significant percentage of my total portfolio gain at the moment, I don't want to risk losing too much of it. I think it looks fairly solid at the moment though, and unlikely to do what Summit did and lose most of the recent gains in one or two days, so I'm prepared to give it a bit of lee-way.

    Still, I think a significant drop down at this point wouldn't be a good sign.

    Cheers,
    GP
     
  12. andrew_c2o

    andrew_c2o

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    Re: PDN

    I can see the RSI is now above 70, this could indicate it will drop? Unless you don't use RSI :)
     
  13. GreatPig

    GreatPig Pigs In Space

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    Re: PDN

    I think RSI is mainly useful in sideways-ranging stocks or moves against the main trend. For moves in the direction of the main trend, particularly a strong trend, I'd expect the RSI to be pretty high at times without considering the stock over-bought.

    Just my opinion of course.

    Cheers,
    GP
     
  14. tech/a

    tech/a No Ordinary Duck

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    Re: PDN

    Any momentum oscillator,RSI,Stochastic,Williams R should ONLY be used in the direction of the trend. So if bullish your looking for oversold------buy opportunities.To use an overbought signal as a sell would 9 times out of 10 find you selling prematurely.

    However divergence should be veiwed with caution.
    GP is correct in their use during times of ranging,but here correct time settings (Coinciding with the ranging cycles) work best.
     
  15. GreatPig

    GreatPig Pigs In Space

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    Re: PDN

    I think you're saying the same as what I meant :D

    To be oversold during an uptrend, the stock must have had a short-term fall, which is what I meant by RSI being useful against the direction of the main trend (ie. looking for the bottom of a short-term fall when the main trend is up).


    In one of Daryl Guppy's recent newsletters, he mentioned that RSI divergence was a fairly reliable signal (for a change in price direction). Supposedly that was one of the main indicators he used to pick the market peak back in March and switch to short positions.

    Cheers,
    GP
     
  16. tech/a

    tech/a No Ordinary Duck

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    Re: PDN

    Sorry
     
  17. GreatPig

    GreatPig Pigs In Space

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    Re: PDN

    I was a bit concerned about the end-of-day push down yesterday, and when it opened lower again this morning and broke through my $1.67 limit, I sold out.

    Got $1.66, which I'm happy with. Current price is $1.58, although it has been down to $1.505 at some stage.

    Cheers,
    GP
     
  18. GreatPig

    GreatPig Pigs In Space

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    Re: PDN

    I jumped back on this one in mid-August for $1.68 and it's smokin' again!

    Up 10%-11% today as I write, currently $2.45.

    I don't know what they're doing right, but I'm certainly not complaining :)

    Cheers,
    GP
     
  19. Kauri

    Kauri E/W Learner

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    Re: PDN

    May amount to nothing but a small triangle is forming.
     

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  20. keepitreal

    keepitreal

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    Re: PDN

    a triangle with a rising bottom is always good.. aswell as a powerful reversal 9 periods ago.

    I think the previous bearish trend is over which is evident in both the weekly and daily chart.

    macd has just crossed in the dailies

    If volume continues to increase as well as the price going north of 2.05 i will consider buying the share.
     
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