PDN 0.07% $13.99 paladin energy ltd

shorts going long, page-15

  1. 5,800 Posts.
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    Depends on your timescale. If you're into trading the very short term swings (intraday or a day or two at most) then yes, a pullback is likely.

    But don't forget that an uptrend is defined as a series of higher highs and higher lows. In other words - there have to be lows.

    So yes - you could trade the swings for a few cents, but wouldn't it be better to ride the longer term trend all the way up, and pay only one lot of brokerage in and out, and one lot of capital gains tax if it applies to you?

    I'm riding it out through the swings - I think it is starting an uptrend of recovery back to where it came from - the $5-6 level it was trading at pre-Fukushima.

 
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