You once had a $5B market cap.
You once inspired hundreds of small ASX companies to chase after uranium assets and tenements.
You once made thousands of retail investors think they are awesome investors.
Your demise dented the hopes of many, on how you can't just put a share in the bottom draw for them to miraculously come good.
Tens of thousands of investors will see a picture of you, when they look up boom-to-bust in the dictionary.
You shall remain one of the fabled chapters on the ASX.
Indeed, your death is probably what the uranium industry needs to most. Although I doubt the assets will actually stop operating.
May you meet your other old friends in corporate heaven.
Most liked posts in thread: PDN - Paladin Energy
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Holders of the old shares lost 98% of previous volume and over 90% of last-traded value.
Of course, neither of that will guarantee the new Paladin's survival.
Glad I wasn't involved. Sold the last of my holdings in 2007 and never went back.
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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
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.
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.
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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%.
Dont know that I'd be in such a rush to leave if in your position GP.
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.
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.
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.
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).
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