I can't agree that we are in a danger territory. Typical investor (main street) think that way.
I personally added about 30% of overall portfolio into Emerging Markets excluding US ETF at 7th April. Why?
For me, when BPSPX (Bullish percent index) fall below 25% and SPXA50R (% of stock below 50 moving average) fall below 15% it is time to buy.
First bigger tranche is 12% up from that point.
Now we are climbing on the wall of worry. This SP500 chart is pure beauty. It bounced at yellow support line. When we reach higher levels (I hope), then main street will turn bullish and start to buy.
Going into PEN- We don't know nothing. Expect good news or bad news. Only total failure is not in the share price. All bad news like downgrade are.
I'm sitting patiently, having some 30% of portfolio in PEN, bought back at 0,75c after some initial loss when I sold at 0,92c (as I remember).
If I take a hit, it will learn something new about speculation.
I don't blame Wayne nor anyone. Mining is hard. They needed Processing Plant and they built one. What NexGen built? Does UEC mine? Peninsula's decision was decisions tied to reality. You need to mine but don't have money.
Signing low price contracts? Who knows? Paladin didn't signed contracts at last bull cycle as I know and sunk with SPOT price going down.
PEN signed 2m lbs contracts at 80-90$. Not bad.
I'm waiting patiently.
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peninsula energy limited
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I can't agree that we are in a danger territory. Typical...
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