PDN 3.96% $12.99 paladin energy ltd

jumped on risk/reward basis

  1. 2,765 Posts.
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    I jumped on PDN boat today @73c @open purely on risk/reward basis. Not big money so can afford to lose few more cents from here.
    IMO
    Risk – Dip to mid 60 to low 60 (say 63c) – 10c loss
    Reward – Up above 95c ([100%*$1 (last traded price before CR)+15%*70c (Instos price)]/(100%+15%)]=96c) – 23c gain.
 
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