a good laugh, page-34

I will try to be respectful, but,

HS's post about subjective/objective honestly didn't make much sense to me (or have much meaning) other than you think I should just shut up (who doesn't lol?)

but I'll try to make this factual (objective, right? even though its hypothetical)

Note: I don't think either me or Hangseng think we are guru's, despite his abundance of excellent postings and my last posturing.



Anyway, I would like to point out once more that Hangseng and a couple others (nklex, reichman?) have been bullish on PEN for YEARS, all the way from when it was roughly 10c down to now.

PEN seems to be doing very well (in project development, ignoring share prices) lately, but if you'd invested at the start of Hangseng's "devotion" to PEN, you would have still bought much higher than it is now (lets say about 6c, say about 2.5 years ago - thats when his posting quantity seemed to take off)

Compare that to if you'd traded, buying lower and selling higher, but staying out as much as you can, you might be in a position like me where you're a fair way ahead WITHOUT HAVING INCREASED YOUR RISK.

The reason Hangseng et al might be ahead, is because they've bought more and more shares (so I hear) over time.

At a point like this where the share has tripled in the last 12 months - sure, you should be up heaps!

"However to keep saying buy (or don't ever sell), it will go up" (following the reports and the rosy postings), leads you to the position where if the price falls back to its lows (done it several times before) you will lose almost EVERYTHING. And the fact is, it may rise up again as it has, but the majority of ASX specs end up closing down.





Hope that's not too inflammitory - Please don't take too much offense.

Anyhow PEN is still IMO the best bet around from the small bunch of specs I'd consider... but its still fraught with peril.

Overall, listen to the pro's but don't ignore the con's, and in the end time will tell.