Paladin Energy Ltd PALAF

RE: Today reminds me of

[Toot]

other dips like this one we have been experienceing on PDN for weeks now, .....such low volume suggests that it is just needed backfill if the volume stays low on the backfill, it will have been a good flush to clear the way for the continued recovery on the up trend . Heck, we may even get a complete reversal rather than a reaction rally into the January effect.

So far we just keep on chugging along... if and when they pull the today iceberg @ 2.02  it is blue sky above for a move up. Level II is barren above .... you'll be glad when the traders drop some asks so you can take a position.
Quite often i have observed that when an iceberg on the low side of the dip stalls... that the open on the next morning gaps up and the swing reverses.

Fridays tend to be low key but who knows.

The unexpected TSX Canadian holiday yesterday cooled things off for the immediate move and things lost a bit, however  the present short supply and bigger demand is still the same as it was two days ago and a few weeks ago for that matter and the shorts are still being squeezed ( NOOB Shorts I must say) and more often than not before a run collapses it makes a good move up off a bounce. Think tax selling almost gone.

There is a way to play this don't you think.

In our case... real serious resistance sits at $4.00 but what often happens is that bag holders come down to meet  the upswing and resistance pops when you least expect it.

The big picture is that the bounce support is @ $1.33 and systematically or as systematically as random can be we are whipsawing along.

Hope it works out like it looks.

Panic dumping was over and PDN hasn't had panic dumping for weeks and has been moving to it's own drummer on all kinds of news.

I have many more  theories and as i think of them I shall post them and I  hope Dodger manages to get a pound of  what I'm smoking so he can god bless me more.. everybody needs a god bless.

By the way this post is just shooting the breeze because this morning I have nothing better to do.

GLTA