re: overbought now could fall Bull - I started buying PDN at 7...

re: overbought now could fall Bull - I started buying PDN at 7 cents, and bought all the way up to 80, with an average buy price of just over 50 cents, BUT it has become a long-term investment in my portfolio now, joining Redflex in my bottom drawer. That happened the day they announced their 25-year mining licence.

So, it may well be overbought in the short term, and I agree with you that a retracement is not only imminent but necessary for the health of the trend, but I will be holding through the retracement unless it hits my trailing stop. As a short-term trader of most things, I deliberately loosened my stop on PDN when I consciously changed it into a long term investment, but I still HAVE a trailing stop. It's loose enough to allow a bit more seesaw action up the trend, but tight enough to get me out with the majority of my profit if the trend truly ends.

So, I hope that PDN DOES have a retracement - that would be healthy. It can't just keep going up with the trend line becoming parabolic - that would be heading for the blowoff top then collapse - and none of us wants that.