PDN 0.98% $11.07 paladin energy ltd

way overvalued, page-2

  1. 5,800 Posts.
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    "charts indicate a very sharp correction soon - way over valued"

    How so? Says who? On what basis?

    My chart shows a nice steady uptrend, all the MAs evenly spread and running parallel, all indicators just cruisin' along, and absolutely no sign of a parabolic blow-off top. So I really don't know where you get the "indication of a very sharp correction" from.

    And overvalued on what grounds? It's value is what the market will pay for it - no more, no less. So, it's really just your opinion, and that counts for zip.

    Nope - PDN is in a nice steady uptrend having popped up out of that ascending triangle that kept nudging the $9 mark, and will continue to show the usual ups and downs of a nice uptrend for some time yet, I suspect.

    And with the Cameco Cigar Lake having just been taken out of the uranium supply equation a couple of hours ago (for 5 - 7 years), I think ALL the uranium stocks will go up. And of course PDN is now a producer, so it's perfect timing for them:)

 
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