Follow the main bullish trend. Individual stock is about 50%...

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15/08/23

12:29

Post #: 69345259
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Originally posted by alphaduck ↑

I'm pretty embarrassed about topping up the day of the bad news instead of waiting a week for things to settle down and buying at 10c instead of 13c but even if I did that phish could be entirely correct and we could see 7c or lower especially if the company gets punished by its buyers for not having its own production ready to fill contracts. Slap a capital raising onto those prices and I expect even the most bullish holders will get a little annoyed, some might even capitulate. One must be able to contemplate all scenarios and know how they should and importantly would react in them. A while back I was saying we could see bellow 14c and was being told to be quiet. Trading forums are such an interesting window into trading psychology if you dont take people at their word but instead see most of what is posted as a form of prayer. I'm done chasing PEN's price lower, my prayer now is for the uranium buyers to be merciful because it is not in their interest to crush PEN as a company. I would pray for the spot price to increase but but thats seems a bit off, instead if spot prices are going higher I pray they go higher sooner rather than later, flatten the commodity price curve. If thats our scenario then I will regret not buying every dip from now until then but there is no way to act reasonably and not regret something.

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Follow the main bullish trend.

Individual stock is about 50% trend , 50% short term manipulation. That’s how big broker/players accumulate more stocks from the weak hands.

PEN Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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