Jan 1/2013
Both DML and PDN are acting strong for a continued bounce...
I like them both, but took a piece of PDN.TO... I would have prefered an entry
below $1.00... Uranium is recieving some noteable press and some of the more
solid uranium stocks are cautiously responding north. STM.V is a
consideration.
Dec 17/2012
PDN.T0 - It's hard to believe that
PDN.TO has sold for under $1.00 in the last week.
Regardless.... the
stock is NOT under the influence of fundamental analysis at
this time IMOP...... sentiment is the motivating pressure on the price... Quick
Chart is showing a bounce.
PDN.TO was picked up in one of my divergence
scans.
For the last week or so the chart has been shaping up for a
bounce... There appears to be an opportunity to take a position, and that
position would be preferably under $1.00 and above .92 cents... support in
this area is accompanied by a narrowing of the bollinger... and the price has
strayed above the upper band... Upper band pops are to be considered points
where things are over bought. MACD is under the trigger line (signaling the
presence of a downtrend) bouncing from a reading that has produced up moves in
the past.... As of this post there has been some favourable new releases that
would normally have garnered some action if the market were not in the last few
days of Tax selling... Be on the alert for a trend reversal during the Santa
Rally or into the January effect
There is a lot of shares out there so a
reasonable chance that the price will fall back over the next couple of days is
worth considering if taking a position... It would be also worth considering
that taking a position in this is not a day trade, but the benefits would be
that it has bottomed, and could be a worthy long term hold. A second train of
thought would be at these prices... a merger or buy out acquisition is not out
of question... there have been past rumours at higher prices.
