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Paladin Energy Ltd PALAF

Paladin Energy Ltd is an Australia-based independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine (LHM) located in Namibia. The Company also owns a portfolio of uranium exploration and development assets in Canada and Australia. Its segments include Exploration, Namibia and Australia. The LHM is located in central western Namibia approximately 80 kilometers (km) east of Swakopmund and 85 km northeast of the Walvis Bay major deepwater harbor. Its exploration projects include Michelin, Manyingee and Mount Isa. The Company, through its subsidiary Aurora Energy Ltd, holds a 100% interest in over 98,320 hectares of mineral exploration licenses. These are located within the Central Mineral Belt of Labrador, Canada. It has a 100% interest in the Manyingee Project. This project is a sandstone hosted uranium project consisting of 41 Mlb across two deposits. It wholly-owns a project comprised of three promising uranium exploration sites in Queensland.


OTCQX:PALAF - Post by User

Bullboard Posts
Post by PUNJABIon Jan 11, 2013 2:59pm
314 Views
Post# 20827458

Most U stocks overbought

Most U stocks overbought

RSI of most U stocks is in overbought area. PDN was also overbought  when it bounced from an oversold situation where the stock created multi- year lows.

Now PDN is no longer overbought. But the stock seems to be under performing other U stocks like CCO, UUU & DML which are tackling their 200 ma & trading above it while PDN is still to far below its 200 ma. There is a huge gap between the 50 % 200 ma. This means that if this is reversal in U sector then other stock will generate a bullish signal well ahead of PDN.

There is another way of looking at the situation of PDN. This stock will eventually catch up or other stock will come down to its levels therefore this stock is relatively safer for trade & an argument of rotation can be made in the favour of PDN.

 

Hot money rotates in & out of stocks. Money moves out of the stock which get ahead & then get in the stock that are lagging.

 

 Canadian traders have a disadvantage while trading this stock. The volume & direction is set by Australia. Canadian have to deal with the hand dealt by Australians. The main issue is that we are not in the same time zone & there is zero overlapping & is poor intra-day trading stock.

 

 

 

 

Bullboard Posts