the emperor has no clothes, page-11

Reichman, I wasn't going to post anymore...but just for you...... I do not know where it will end or if it will end but the share price has been capped by the 50 day ema since the Japanese nuclear accident and remains in a downtrend...that is all we need know. We should assume for now that it will continue. It is 1/3 of the price it was at the beginning of the year and that tells us that perhaps the underlying fundamentals are not what some here would have us believe......I am not suggesting anything shonky here because bad stuff can happen to good companies and the best laid plans can go awry but we may not have all the facts from behind the scene. From my previous personal experience, and my subsequent observations, and those of the video I posted early I would have to say frankly that the prognosis is not good.

.....I need to point out that I am not one to post on stocks I don't like. I would rather save my energy for something positive...something I do like. However the PEN thread has had such a bully culture for so long I had to lay it all out. Before fukashima, when that descending triangle had formed at the top there was a regular poster here who suggested that the stock would retrace to 10c from around 13c. He was bullied and vilified with all manner of slander against him. He no longer posts. At that time I posted the PEN chart in the mod room and stated that I believed this poster was correct. Of course fukashima made things horribly worse and no one could have foreseen that. But the point is how could anyone make an informed trading decision within the bully culture that exists on this thread....the bullying has continued all the way down from Fukashima and it needs to stop. Both sides of the argument needs to be heard without fear of abuse.

That was my real purpose for posting. Sorry if you would have liked this chart at the beginning of the year but I hope you understand my predicament. I am a mod and the PEN thread is a hostile environment for anyone with a contrary view. Mods have so much trouble keeping the emotions of this forum under control that I was hardly likely to post a chart that may throw fuel on the fire.