The Stock Market

[zorro1]

US STOCKS UP ON SIGNS OF A RECOVERY

http://www.thebull.com.au/articles_detail.php?id=10554

A decline in US jobless claims and signs of economic improvement in Asia and Europe sent Wall Street stocks higher in early trading on Thursday.

The Dow Jones Industrial Average rose 77.99 points (0.72 per cent) to 10,934.62 in early trades, clawing back Wednesday's losses.

The tech-rich Nasdaq composite rose 21.85 points (0.91 per cent) to 2,419.79 and the broad-market Standard & Poor's 500 index was up 10.13 points (0.87 per cent) to 1,179.56.

Initial claims for US unemployment insurance benefits fell last week to the lowest level this year, the government said, in a report signalling improvement in the troubled labour market.

New jobless claims dropped to 439,000 in the week ending March 27, from a revised 445,000 in the prior week, the Labour Department said before the markets opened.

"Better-than-expected readings for manufacturing activity in China, the UK and the eurozone have boosted the futures market along with headline-pleasing initial claims data in the US," said Briefing.com's Patrick O'Hare.

The Dow fell 50.79 points on Wednesday after an unexpectedly negative private-sector jobs report unnerved investors ahead of Friday's key government labour market data.

While the stock market will be closed on Friday to mark Easter, US unemployment figures for March will be keenly watched by bond markets and currency markets and are likely to set the tone for next week's trade.

[loong]

Zorro Said

"Well here is where I started my entry about when the second bounce happened of course Midas now thinks Im the market biggrin.gif

Sorry Loong but your a loser cause you missed out. Im sure your a nice guy but in stockmarket land you lost down talking both rallies. Sure I closed my postions when dow slipped out of the channel and I stated it, from there it was short term swing trades until correction was over. Have posted many charts since supporting the second rally, why would I do that if I wasnt in "

I already responded to your claims in a previous post

Kindly direct us to the post where you advised buy and Hold at around 10,000. I certainly haven't seen it.

grass hopper ask midas and look for where he calls me mr market around 10,000. yawnnn was wondering why it was so quite your all hiding in the woods again

Why fight the charts, you guys must be all school teachers apart from midas who errrm is just a ....

Well actually your posts do not mention that you will be buying into the market for the longer term.

2010-02-03 07:34:43

Post #1292

"midas you ready to call me mr market laugh.gif told you about the bounce"

2010-02-05 07:35:53

Post #1294

"The best time to buy but just make sure you sell next day. market SMASHED!!!"

2010-02-05 16:37:07

Post #1296

"I dont care now I take any profit i see on the bounces. Bought today and anything more than -50 (upwards) will see a tidy profit monday. If not then I take the loss. now we are at the casino ."

basjke called you on this one, because the time of your post was hours before the market opened. You would have had to have bought Dow futures that were above 10,000 at that time. You didn't respond to him re the time of your post.

A few hours after your post Dow futures were around 9830 !

Of course, the next day your post tells a different story...

2010-02-06 06:01:29

Post #1302

"I bought friday when dow was -260

I will sell monday when the dow is +10"

"Buy low sell high Midas a monkey can do it."

Here you claim to have managed to buy at exactly the low point!? After the market has risen again but still below 10,000. But in your previous post you had bought above 10,000.

Yes even a Monkey can claim to buy low/sell high with the benefit of hindsight

Also please note that here you are advocating trading the bounces short term. Nowhere do you suggest that you will be buying to hold for the longer term.

The biggest Yaaawn here is you with your adolescent crowing. When will you realise that since the beginning of this thread the Dow has only risen 15% with some dips on the way - THIS is normal market movements. Nothing out of the ordinary.

Most of your posts are not stating your calls as you make them, but like with PEN, claims to have bought at the low and sold at the high After the move has happened

I remember that you posted that you had sold PEN a few times at the peaks and bought in again at the troughs during the move from around 0.028 to 0.060 - amazing considering that most downmoves from the peaks were less than 10%. That is incredible timing!. But of course a monkey can do it with the benefit of hindsight!

So you traded PEN on spikes of less than 10%, yet expect us to believe that from 0.060 you held on while it dropped 30% and again managed to close the position at exactly the recent high??

You have no idea what you are doing and if you have made money with the markets, it is due to one thing only - You have been lucky.

Actually, your very first post in this thread tells a lot about how you trade.

Zorro said

"Time to talk about the markets again since we have "blood on the streets"

Who is ready for the plunge? As of Friday we have completed the 2nd biggest rally in U.S stock history. My position has been strong buy since November 2008 and have a very substantial holding"

Strong buy with a substantial holding since November 2008? So you bought into a falling market at what? 9000 ish? and remained bullish while the price dropped further by about 30%?? If the price had continued to fall, how much longer would you have held on for?

Since you made that first post, the Dow has risen by less than 20%. Yet you, the person who grimly held onto a long position through a 30% drop, with no idea of where it will bottom, has the nerve to crow over those who have taken no part in this rally????

I repeat - You have no idea what you are doing and if you have made money with the markets, it is due to one thing only - You have been lucky!

[zorro1]

Loong anyone can quote out of context. I never claimed to have picked tops or bottoms. I have taken profits to early and tied up good money in losing stock waiting for the bounce which always came. OVERALL I have killed the pig, I made my own luck, even the hardest hard nose traders sign off with good luck holders. If you think luck has nothing to do with it then Loong your clueless

[loong]

Actually, luck has no place in a good trader's toolbox.

A good trader will work with probabilities. When certain conditions are met then it is more likely that the price will go up or down. The idea is to be right more often than wrong, or to have an average winning position larger than the losers.

If you think that luck has anything to do with trading, then you might as well make your decisions by flipping a coin.

[Naam]

Actually, luck has no place in a good trader's toolbox.

A good trader will work with probabilities. When certain conditions are met then it is more likely that the price will go up or down. The idea is to be right more often than wrong, or to have an average winning position larger than the losers.

If you think that luck has anything to do with trading, then you might as well make your decisions by flipping a coin.

those of us who are investors and trade only when they think it pays beg to differ... based on years of experience.

[zorro1]

Actually, luck has no place in a good trader's toolbox.

A good trader will work with probabilities. When certain conditions are met then it is more likely that the price will go up or down. The idea is to be right more often than wrong, or to have an average winning position larger than the losers.

If you think that luck has anything to do with trading, then you might as well make your decisions by flipping a coin.

[/quote...

Loong so how come you missed the rallies? How come you been hiding in the woods untill I flushed you out today? Taking a large postion in a stock 1 hour before a major jorc is released is not luck? buying big into a coy that is well researched and boom next day Capitol raising arrrghh!! thats not bad luck? How come I had to flush you out of the woods today? why were you hiding? All least be man enough to admit you got it wrong ....anyway wont pick on you grumpy old bear, back to the woods see you when the dow reverses , at least Im here in the ups and downs

[zorro1]

http://www.thebull.com.au/articles_detail.php?id=10559

Europe shares close at 18-month highs

European equities climbed to an 18-month closing high in thin trading on Thursday, led higher by financials, as encouraging economic figures from Asia, Europe and the United States boosted optimism for economic recovery.

Investor appetite for risky assets such as equities rose, with the VDAX-NEW volatility index falling 3.5 percent. The lower the index, which is based on sell and buy options on Frankfurt's top-30 stocks, the higher the market's desire for risk.

The FTSEurofirst 300 index of top European shares ended 1.4 percent higher at 1.094.05 points, the highest close since late September 2008. The index gained 7.1 percent in March, 3.1 percent in the first quarter and is up about 69 percent from its record low of March 2009.

Volumes on the index were 72 percent of the 90-day daily average, as Europe headed into the Easter holiday weekend.

Banks were the top gainers, with STOXX Europe 600 banking index up 1.9 percent. HSBC, Lloyds, Royal Bank of Scotland, BNP Paribas, Societe Generale and UBS rose 1.1 to 3.6 percent.

"The strong ISM data is boosting sentiment and in the short term, this is a supportive factor for the equity markets," said Tammo Greetfeld, equity strategist at UniCredit.

[lannarebirth]

Actually, luck has no place in a good trader's toolbox.

A good trader will work with probabilities. When certain conditions are met then it is more likely that the price will go up or down. The idea is to be right more often than wrong, or to have an average winning position larger than the losers.

If you think that luck has anything to do with trading, then you might as well make your decisions by flipping a coin.

those of us who are investors and trade only when they think it pays beg to differ... based on years of experience.

I've been lucky before and unlucky too. Eventually unlucky catches up with you if you don't play it smart.

[lannarebirth]

QUOTE (zorro1 @ 2010-02-02 14:05:57) p.s. do you think we should send a search party to the Whitsunday Passage to

look for zorro ! I am getting worried.

Zorro is just fine LOL. Great fishing out there! I see the bears are out in full force and midas still yapping away. Well did what I said I would do and sold most once the dow was out of the trading channell. am bounce trading now .funny bhp still above 40 and rio still over 70 bucks.pennies and mid caps starting to slide obviuously.Yes Im bearish grrrrrrrrrrrrrrrr but getting ready for the next run up which may start to happen about now. took some small postions short term today but only toe dipping. And midas i didnt sell at the top but then again didnt buy at the bottom either

Yes things went a bit sour while you were fishing

so if there is a " next run up " it will prove you ARE THE MARKET.....you and a few robots

Well here is where I started my entry about when the second bounce happened of course Midas now thinks Im the market

Sorry Loong but your a loser cause you missed out. Im sure your a nice guy but in stockmarket land you lost down talking both rallies. Sure I closed my postions when dow slipped out of the channel and I stated it, from there it was short term swing trades until correction was over. Have posted many charts since supporting the second rally, why would I do that if I wasnt in

Most people who have spent much time around real traders can spot a fraud a mile away. Just saying...

[zorro1]

Wewe

QUOTE (zorro1 @ 2010-02-02 14:05:57) p.s. do you think we should send a search party to the Whitsunday Passage to

look for zorro ! I am getting worried.

Zorro is just fine LOL. Great fishing out there! I see the bears are out in full force and midas still yapping away. Well did what I said I would do and sold most once the dow was out of the trading channell. am bounce trading now .funny bhp still above 40 and rio still over 70 bucks.pennies and mid caps starting to slide obviuously.Yes Im bearish grrrrrrrrrrrrrrrr but getting ready for the next run up which may start to happen about now. took some small postions short term today but only toe dipping. And midas i didnt sell at the top but then again didnt buy at the bottom either

Yes things went a bit sour while you were fishing

so if there is a " next run up " it will prove you ARE THE MARKET.....you and a few robots

Well here is where I started my entry about when the second bounce happened of course Midas now thinks Im the market

Sorry Loong but your a loser cause you missed out. Im sure your a nice guy but in stockmarket land you lost down talking both rallies. Sure I closed my postions when dow slipped out of the channel and I stated it, from there it was short term swing trades until correction was over. Have posted many charts since supporting the second rally, why would I do that if I wasnt in

Most people who have spent much time around real traders can spot a fraud a mile away. Just saying...

well another bear flushed out Lanna re birth part of being a succesfull investor is being able to read a chart right? You cant even read the date I took a postion . Im on record gees you making midas look good. HAVE A LOOK at dates of my post re the second rally. Only thing worse than a fraud is a dunce just saying...

[lannarebirth]

Wewe

QUOTE (zorro1 @ 2010-02-02 14:05:57) p.s. do you think we should send a search party to the Whitsunday Passage to

look for zorro ! I am getting worried.

Zorro is just fine LOL. Great fishing out there! I see the bears are out in full force and midas still yapping away. Well did what I said I would do and sold most once the dow was out of the trading channell. am bounce trading now .funny bhp still above 40 and rio still over 70 bucks.pennies and mid caps starting to slide obviuously.Yes Im bearish grrrrrrrrrrrrrrrr but getting ready for the next run up which may start to happen about now. took some small postions short term today but only toe dipping. And midas i didnt sell at the top but then again didnt buy at the bottom either

Yes things went a bit sour while you were fishing

so if there is a " next run up " it will prove you ARE THE MARKET.....you and a few robots

Well here is where I started my entry about when the second bounce happened of course Midas now thinks Im the market

Sorry Loong but your a loser cause you missed out. Im sure your a nice guy but in stockmarket land you lost down talking both rallies. Sure I closed my postions when dow slipped out of the channel and I stated it, from there it was short term swing trades until correction was over. Have posted many charts since supporting the second rally, why would I do that if I wasnt in

Most people who have spent much time around real traders can spot a fraud a mile away. Just saying...

well another bear flushed out Lanna re birth part of being a succesfull investor is being able to read a chart right? You cant even read the date I took a postion . Im on record gees you making midas look good. HAVE A LOOK at dates of my post re the second rally. Only thing worse than a fraud is a dunce just saying...

I'm not a bear, at least not today. Don't know where you got that idea. Read my posts. Bullish off 34 week ema, resistance at Sept 2008 trapdoor. Approaching Ultra long term trendline which can have 50-150 points leeway. Jot it down. then, at least one of us will have provided the other with something worth knowing.

Frankly I don't care what day you took a position. That information is of zero value to me. If you thought about it for a minute I'm sure you''d understand why. There is absolutely nothing you've ever posted that could make me money. I understand you want to tell other people you've made money but you know most people who play that game don't tell people things after the fact. Better just to keep your mouth shut or you risk destroying what little credibility one might have accorded you, which in my case woudn't have been much anyway.

Edited April 2, 2010 by lannarebirth

[zorro1]

Most people who have spent much time around real traders can spot a fraud a mile away. Just saying.""

Lana A fraud in what way? You have overstepped the mark with a seriouse accusation. I called the rally and am on record a few posts back as taking a postion in the new rally. Please clarify my fraudulant activity!! I you cant then I strongly suggest you retract your statemant.

Edited April 3, 2010 by zorro1

[jcon]

Zorro how old are you?

I ask because you post like an amateur - which is what I believe lanna was referring to.

I understand that some time ago you and midas had differing views, and back then it was getting ridiculous - now it's downright embarrassing for 2 grown adults to be going at it like this on an internet forum of all places). Even more sophomoric (and a sad reflection of your character) is how you actually want midas to lose money.

A couple of pages back I think you were going on about something called "PEN." I must admit I had no idea <deleted> that was, so I had to look it up and it's just some pos PENNY STOCK. Seriously??!

"Traders" like you get eventually get absolutely blown out in markets like these - while I hope for your sake that that isn't the final outcome, I must assume that if you keep going on like you're doing then you're in for one huge bitch-slap from the markets. Best of luck, regardless.

Just sayin'.......

[zorro1]

Where did you come from? me n midas have bitch slapped for a year in a not to seriouse way. being called a fraud regardless of " what you think" is unacceptable unless proven. Pen? I own 1.5m shares now, how does a penny stock make it a poor investment. look forward to your response..

Edited April 3, 2010 by zorro1

[Abrak]

Where did you come from? me n midas have bitch slapped for a year in a not to seriouse way. being called a fraud regardless of " what you think" is unacceptable unless proven. Pen? I own 1.5m shares now, how does a penny stock make it a poor investment. look forward to your response..

There are bound to be some good penny stocks but as a Group their performance has been consistently abysmal.

See this sort of research....

http://74.125.153.132/u/loyolachicago?q=ca...lient=firefox-a

Average 3 year returns over an 18 year period for penny stock IPOs was -22% compared to non-penny stock IPOs of +44%. 80% of penny stocks in this research had 10% or greater spreads which makes short term trading pretty difficult. That is why a lot of people tend to avoid them.

[loong]

Actually, luck has no place in a good trader's toolbox.

A good trader will work with probabilities. When certain conditions are met then it is more likely that the price will go up or down. The idea is to be right more often than wrong, or to have an average winning position larger than the losers.

If you think that luck has anything to do with trading, then you might as well make your decisions by flipping a coin.

Loong so how come you missed the rallies? How come you been hiding in the woods untill I flushed you out today? Taking a large postion in a stock 1 hour before a major jorc is released is not luck? buying big into a coy that is well researched and boom next day Capitol raising arrrghh!! thats not bad luck? How come I had to flush you out of the woods today? why were you hiding? All least be man enough to admit you got it wrong ....anyway wont pick on you grumpy old bear, back to the woods see you when the dow reverses , at least Im here in the ups and downs

Zorro, you haven't been trading for long and with experience, you may understand.

For some reason, you have labelled me a Bear. This is based on a post I made last August? Since then I have had some short positions and I've had some long positions, but very few.

Last August I could see nothing in the charts to give me confidence that the markets would continue to rise. At the same time, without any lower lows, I was going to sit back, watch, and take no part. I was not bullish, but I was not bearish either.

I actually said that if I was already long, then I would ride it out, but as I had no position, I would do nothing for now.

So should I feel that I've missed out on the rallies? According to you, I should. However, I do not feel that I've missed out on anything.

This is another form of fear that affects traders' judgement, this fear of missing out. This fear causes some to jump on bandwagons and often too late.

You say that you went long in the markets in November 2008 with a strong buy conviction.

Correct me if I am wrong, but I suspect that you based this simply on the fact that "The market has fallen so far and so fast, that it must turn around"

I can imagine the sweats and your guts twisting up inside as the market continued to fall by a further 30%. I say imagine, but I actually mean "I remember"! I've been through that before.

You were probably very relieved when the market did return to November 2008 levels. Maybe you have learnt a lesson that you should have cut your losses, but I doubt it. After all, if you had cut your losses, you'd be sitting on a loss, but in August 2009 you were at break-even. You were right after all!

Next time, you may be right again, but the market may wipe you out before it eventually proves you right.

back to the woods see you when the dow reverses , at least Im here in the ups and downs

That says a lot. at least Im here in the ups and downs

I'm not waiting for the Dow to reverse, I'm waiting for the charts to suggest a good opportunity to open short or long positions. The market movements have presented very few opportunities lately, so I have made very few trades.

You are here in the ups and downs, I pick the moments that I choose to trade.

Looking back, I did short the Dow at the end of September. That was following a MACD divergence amongst other indications.

That trade, based on the Daily timeframe, barely went into profit before hitting my stop. I was wrong on that occasion. Yes, I was wrong, does that make you feel better to know that I lost money with that trade?

I also shorted the Dow in January, that trade did move quite nicely into profit, but didn't have the momentum and I closed at break-even.

I've had other small positions, but really just treading water.

Market conditions really haven't suited my style of trading for the last couple of years. That's why I have been investigating the Forex market as there looks to be better opportunities there.

[Gambles]

Most people who have spent much time around real traders can spot a fraud a mile away. Just saying.""

Lana A fraud in what way? You have overstepped the mark with a seriouse accusation. I called the rally and am on record a few posts back as taking a postion in the new rally. Please clarify my fraudulant activity!! I you cant then I strongly suggest you retract your statemant.

Zorro,

I'm not quite sure what the point of all these posts is? That you are so smart that you're the only amateur or professional investor who can call every turn of the market?

To be honest the 2009 market was such a freak of nature and most intelligent investors were deterred by the downside risks and still remain significantly sidelined because of risk that I honestly don't believe that participants who did well last year were smart - they were either brave enough to take that level of risk on board (in which case they're probably speculators) or not smart enough to understand the risks (in which case they were lucky with the outcome).

For the record I believe that the global equity outlook now is quite benign but will turn ugly and that there will be constant surpirses in the markets in current conditions.

However I think that the freak conditions of '09 which generally penalised the better quality investors and favoured the brave and the lucky are behind us. Mind you, you might have your superhero glasses on and be able to see better than anyone.

Just be careful, that's all I'm saying. Just be careful - with your 'trades' and with your claims. Expect the unexpected and make sure that you can afford whatever risk you're leaving on the table.

[Naam]

To be honest the 2009 market was such a freak of nature and most intelligent investors were deterred by the downside risks and still remain significantly sidelined because of risk that I honestly don't believe that participants who did well last year were smart - they were either brave enough to take that level of risk on board (in which case they're probably speculators) or not smart enough to understand the risks (in which case they were lucky with the outcome).

Gambles, i have problems to follow your remark "market was a freak of nature". anybody who followed the markets -starting mid march 2009- of certain asset classes, waiting cautiously a month or even two could not arrive at another conclusion than "BUY!" and within a few months doubled, tripled or quadrupled the amount invested. my view is that an investor who applies a part of his cash or perhaps a value of up to 20% of his holdings during or in the aftermath of a crisis is not a speculator but a prudent investor who has done his homework based on his experience during other times of various crises. in doing so he increased his total net considerably and that without betting the ranch.

i refrain from commenting on investors who did nothing because "they were deterred by the downside risks"

[zorro1]

In summary

Lannarebirth- most traders who missed the big gains find it difficult to accept hence low life remark you made. Good luck to you and yor 2% gains here and there

Jcon how old are you? Me n Midas are tongue in cheek and would gladly by him a beer his a good sport

your remark about Pen bein a "poz penny stock" instantly wipes you froma stock market forum. Whats the difference if i hold 1000 shares in RIO or 1.5 mill in Pen? Please come back when you gain a little understanding

loong You were bearish from day one on the very first page. You continued to be bearish through most of the rally, point being is you missed the BIG gains, once in a lifetime.

Whoever it was that advised me to " be careful" lol I have cashed in on first rally, I heard be carefull 50 times but blind freddy could see that it was SAFE to hold as long as we stayed in the dow trading channel. Thats what I did unless a stock became over bought.

Back to Pen. Uranium is again the hot sector after Obamas pledge. Uranium energy approval is at an all time highboth in oz and USA. Pen has just completed its 2nd cap raise @4c. poor fundamentals in a stock will alweays see instos sell it back to 4 or sub 4c. Pen bounced off 4.2 and now at 4.5c

Pen is about to get re rated. So Jcon your immature post has zero substance, there is a much greater chance of Pen being a multi bagger overnight than a blue chip. Will RIO jump 100% in 2 months , not while your zero market knowledge butt points to the ground

p.s excuse grammer and spell but spell check doesnt work and cant go back and do manually without wiping out whole post. annoying..

[midas]

This is all my fault people…………….very sorry !

When I called zorro “ Mr Market ”, I never dreamt for one minute he would actually take this seriously and believe he was ..

Edited April 4, 2010 by midas

[zorro1]

LOL midas i was very seriouse about the 2nd rally, Unfortunatley you were in awe of my prediction and made me a star. Say what you mean and mean what you say Midas

cheers

Mr market

[zorro1]

Back Thursday, April 1, 2010

US PUBLIC SUPPORT FOR NUCLEAR NOW AT RECORD HIGH

Public support for nuclear energy in the USA has reached a record high, with 74% of people saying they are in favour of nuclear energy, according to the results of a new poll.

The telephone survey of 1000 US citizens was carried out between 18 and 21 March 2010, by Bisconti Research in conjunction with GfK Roper on behalf of the Nuclear Energy Institute (NEI).

Surveys conducted by Bisconti have shown a significant change in the US public's view of nuclear energy over past years. Favourability has increased fairly steadily since 1983, when Bisconti's first poll showed that 49% of Americans supported the use of nuclear energy.

The latest poll found that 80% of US men and 68% of women favour nuclear energy. It also showed that those respondents who strongly favour nuclear energy (33%) outnumber those who are strongly opposed (10%) by more than three to one.

Some 87% of those questioned said they believe that "nuclear energy will play an important role in meeting the nation's electricity needs in the years ahead." In addition, 87% of people support "the licence renewal of nuclear power plants that continue to meet federal safety standards", while 84% think that "electric utilities should prepare now so that new nuclear power plants could be built if needed in the next decade."

In addition, 70% of respondents agreed that the USA should "definitely build more nuclear power plants in the future", compared with 28% who disagreed. When asked if it was acceptable for new reactors to be constructed at the nearest nuclear power plant site, some 77% said that it was and just 19% said it was not acceptable.

The poll also showed high support for the US government playing an active role in encouraging investment in clean energy technologies, including advanced-design nuclear power plants, to reduce greenhouse gas emissions. 72% of those questioned said they backed the government's provision of loan guarantees for such technologies.

Public confidence in the safety of existing nuclear power plants has also reached a record high. When asked to rate the safety of plants on a scale of 1 to 7, some 73% of people gave high ratings (5 to 7). This is over twice as many those who gave similar ratings in a survey conducted in 1984. In addition, 82% of those questioned said that existing US nuclear power plants are "safe and secure."

While most people (59%) said that used nuclear fuel could be safely and securely stored at plant sites until moved to a permanent disposal facility, around 80% of those questioned thought that the federal government should store used fuel at a secure storage facility away from the nuclear power plant sites until a permanent disposal facility is ready.

Some 79% of people also said they would support a US plan to recycle used nuclear fuel rods in order to generate more electricity and reduce the amount of waste to be disposed of. Just 16% would be opposed to this plan.

Ann Bisconti, president of Bisconti Research, commented: "This unprecedented support for nuclear energy is being driven largely by people's concerns for meeting future energy demand and environmental goals, but it coincides with statements by President Barack Obama and other national leaders who have voiced strong support for new nuclear power plants." She added, "The President's State of the Union speech and his subsequent announcement of federal loan guarantees for new nuclear reactors in Georgia clearly has elevated the issues in people's minds."

Last week, by the Gallup polling organisation published a public opinion poll that also found a record high support for use of nuclear energy in the USA.

http://australianuraniumquicksearch.blogspot.com/to Pen and nuclear energy. Since Im the only one stick my neck out, I strongly reccomend investing in NUKE stocks. Look at EXT it went from $1 to $11 in a few months on one magnificent Jorc. Pen is based in the Usa although Oz owned. Their maiden Jorc due this month.

Edited April 4, 2010 by zorro1

[zorro1]

How does Pen fit in? check out this re rating report 6-8c short term , now 4.5

Resource Capital Research

22nd March 2010

Peninsula Minerals Limited

PEN is advancing the prospective Lance ISR project in Wyoming. Key resource and economic data are expected 2Q10. BFS expected 1H11; production potential 2012. A significant re-rating of PEN's share price is anticipated as project parameters are confirmed 2010.

Focused on uranium - 2010 total exploration and

evaluation budget A$25m; A$20m earmarked for Lance.

Lance ISR project (WY): potential production 2012;

Production target 1.5mlbspa U3O8; PEN est. total opex

US$26/lb; initial capex US$60m. NPV breakeven

~US$30/lb U3O8.

Lance project regional exploration target 70 to 90mlbs U3O8 grading 0.05 - 0.07%. Ross and Barber target 12 to 18mlbs U3O8. 4 rigs on site.

Initial JORC resource and PFS expected 2Q10.

Karoo Project: shallow, high grade mineralisation identified from surface to 40m - exploration target of 90 to 150mlbs U3O8 grading 0.12 to 0.14%.

Karoo Project: Resource definition drilling 1H10 - 10

priority drill targets; scoping study expected 2H10. Mid term target 30mlbs U3O8 2012.

Investment Comment:

PENs valuation is driven by the Lance ISR uranium project with production visibility, potentially 2012. While key resource and project data are yet to be confirmed (expected 2Q10) robust project economics are indicated with a breakeven project NPV of ~US$30/lb U3O8. At the current long term price (US$60/lb U3O8) and assuming an initial resource (mid target range) of 15mlbs grading 0.065, total opex US$26/lb, initial capex US$60m, NPV is over US$120m (10% r/i), with upside to anticipated further regional exploration success. PENs share price has potential to be re-rated to $0.06-0.08/share near term as project milestones are met 2Q10. WY is a uranium friendly state, combined with PENs use of experienced external permitting consultants, and new streamlined permitting timeframes in the US, positions the company well to fast track regulatory approvals.

[flying]

PEN

# Range 0.04 - 0.05

# 52 week 0.02 - 0.06

# Open 0.04

# Vol. 2.12M

# Mkt cap 61.92M

Q4 (Dec '09) 2009

Net profit margin -2082.58% -1090.24%

Operating margin -2082.58% -1090.24%

EBITD margin - -1083.33%

Return on average assets -14.08% -8.11%

Return on average equity -14.50% -8.38%

[zorro1]

# 52 week 0.02 - 0.06 .....Music to my ears/wallet

disclosure

1million shares 1st capitol raise @2.8-2.6c

400,000 @ last cap raise at 4.3c (last week)

100,000 approx coming to me as a l/t holder at 1:1 1 @4c

Very very happy with Pen, largest holding by far

maiden Jorc relesed this month will see a multi bag re rate of this stock

For onlookers and anyone interested, a quick glance summary....

April, ??, 2010

Initial Jorc Statement

March 25, 2010: Peninsula Minerals to raise up to $10M via capital raising.

$5M to institutional Investors and $5M to existing participating shareholders

March 24, 2010: Peninsula Minerals trading halt

Peninsula Minerals Ltd requested a trading halt on March 24, 2010, pending an announcement on a capital raising. Trading will resume on Friday, March 26 or on an earlier announcement.

March 23, 2010: Peninsula brings forward Ross resource announcement

Peninsula Minerals Ltd has brought forward the planned date for its JORC-compliant resource statement to April 2010 following positive metallurgical recovery results from testwork on Ross permit area samples within the Lance Project in Wyoming. Testwork resulted in up to 83.2% leaching of uranium in circuit. Executive chairman Gus Simpson said the agitation leach testing showed that the Ross uranium leaches very well with low concentrations of bicarbonate and oxidant in the lixivant. It should be noted that agitation leach testing is used primarily to determine general leaching amenability and the most advantageous lixivant concentrations for the leaching of uranium, he said.

March 05, 2010: Peninsula identifies two mineralised trends at Ross

Drilling at Peninsula Minerals Ltd has identified two new mineralised trends at the Ross uranium project, South Australia, with the potential to substantially increase the project's resource estimate. According to an announcement on March 5, 2010, mineralisation on the trends is open to the north and to the south. Drilling has also confirmed that previously identified front rolls of mineralisation extend into sparsely drilled sections of the project area. Assay highlights include 8.5ft at 960ppm uranium, and 20ft at 310ppm uranium.

February 15, 2010: Drilling confirms extensive uranium present at Peninsula Minerals' Wyoming project

Peninsula Minerals Ltd said on February 12 it had completed a further 30 development drill holes during January 2010 for a total of 15,760 ft at the Barber uranium project in Wyoming, USA. During this period the focus of the drilling was upper zone roll front targets with numerous thick, high-grade intercepts again encountered in shallow zones. The company said these results further confirmed the extensive uranium mineralisation present at the Barber project. Peninsula also said drilling had re-commenced at the Ross Project, focused on sparsely drilled sections of the project area to test the trend of mapped roll fronts. Results so far confirm that the roll fronts do extend into these areas of minimal drilling. The entire validated Lance drill hole

data is now loaded into the 3D modelling database.

February 03, 2010: Peninsula study supports in-situ viability

Peninsula Minerals Ltd says results of the first stage of an independent pre-feasibility study on the Ross and Barber projects in Wyoming, US support the viability of planned in-situ recovery (ISR) mining operations. The study, being conducted by Lyntek Inc, involves an in-depth assessment of the proposed ISR mining methods and process options at the Ross project, was well as estimated uranium recoveries and capital and operating costs.Executive chairman Gus Simpson said the study completed another piece in the development process and further supported Peninsulas aim of beginning uranium production in 2012.

January 29, 2010: Peninsula Minerals has $7.9m cash

Peninsula Minerals Ltd had no receipts from product sales in the December 2009 quarter, and the net operating cash outflow was $2,650,000.The cash balance was $7,940,000.

January 14, 2010: Peninsula expects significant uranium increase at Barber

Peninsula Minerals Ltd says future drilling on a front roll system will significantly increase uranium mineralisation at its Barber project in the US. The company said on January 14, 2010, that recent drilling intersected the system in seven of the 35 holes drilled. Of the 35 holes, 24 intersected significant uranium mineralisation. Highlights included 12ft at 1140ppm uranium, and 15ft at 390ppm uranium.

December 29, 2009: Peninsula Minerals directors issued shares

Peninsula Minerals Ltd director Warwick Grigor was issued with 1,500,000 shares and 3,000,000 performance shares on December 22, 2009, as approved by shareholders. Mr Grigor holds 3,500,000 shares, 300,000 performance shares, and 12,500,000 options. Director Malcolm James was issued with 1,500,000 shares and 3,000,000 performance shares. Mr James holds 13,085,857 shares, 3,000,000 performance shares, and 13,223,714 options. Director John Simpson was issued with 3,000,000 shares and 17,000,000 performance shares. Mr Simpson holds 27,029,419 shares, 17,000,000 performance shares, and 29,632,355 options. Director Alan Marlow was issued with 1,500,000 shares and 3,000,000 performance shares. Mr Marlow

holds 2,214,286 shares, 3,000,000 performance shares, and 20,178,571 options.

November 27, 2009: Peninsula Minerals secures additional Wyoming land rights

Peninsula Minerals Ltd has secured a further 916 acres of surface access rights at the Ross project area in the Lance Projects in Wyoming, US. The new ground acquired hosts multiple intercepts of high-grade mineralisation. Results from previous limited drilling include: 5ft at 1,435ppm U3O8 from SPD1062R10.5ft at 737ppm U3O8 from SPD605V20.5ft t 491ppm U3O8 from SPD114V6ft at 927ppm U3O8 from SPD662VExecutive chairman Gus Simpson said the acquisition was highly strategic as it completes a key component of the mine planning strategy and is expected to contain significant quantities of uranium.

October 16, 2009: Peninsula continues drilling at Wyoming projects

Peninsula Minerals says the goal of its current drilling program is to expand known mineralisation at its Lance projects in the USA, and delineate a JORC compliant resource by June 2010.During September 2009, the company completed 36 drill holes, 10 of which intersected uranium mineralisation, the Wyoming projects. Highlights included 53.5ft at 432 uranium parts per million at its Ross area and 15ft at 3,937 uranium parts per million. Peninsula attributed the results to roll front delineation, which determines the boundaries of mineralisation. Metallurgical tests show recoveries of up to 87.2% uranium. The re-evaluation of 1,780 previously drilled holes shows 657 to be mineralised.

.

September 18, 2009: Peninsula Minerals secures $50m funding

Peninsula Minerals Ltd has put in place a $50 million equity line facility with YA Global Master SPV Ltd, an investment fund managed by US based Yorkville Advisors LLC. Executive chairman Gus Simpson said the facility is provided in three tranches, with $15 million available for periodic draw downs on activation, a further $15 million available on the delineation of a JORC resource of 10 million lbs of U3O8 and another $20 million available on the completion of a bankable feasibility study. While Peninsula has sufficient funds to advance its projects in the near term, the facility can take the company through to production at its Ross and Barber projects.

September 10, 2009: Peninsula expands uranium mineralisation at Lance

Peninsula Minerals Ltd completed a further 28 holes for 5,238m during August at its Lance Projects in Wyoming, USA. An interval of 18ft at 570ppm U3O8 was returned from hole RMR0048 and 36ft at 470ppm U3O8 was returned from hole RMR0050. The results further expand the area of known mineralisation and auger well for the potential of the Ross to deliver significant resources.

September 04, 2009: Peninsula Minerals buys Lance Projects database

Peninsula Minerals Ltd has bought the original Nubeth database for the Lance Projects in Wyoming, USA. Peninsula acquired the database from Colorado based Ur-Energy Inc for $US1 million ($A1.2 million) and a production royalty on the designated project areas.

July 30, 2009: Peninsula Minerals has $7.8m cash

Peninsula Minerals Ltd had no receipts from customers for the quarter ending June 30, 2009, and net operating cash outflow was $513,000.The cash balance was $7.8 million.

July 24, 2009: Peninsula Minerals director buys placement shares

Peninsula Minerals Ltd director Warwick Grigor bought 2,000,000 placement shares for $56,000 and was issued 500,000 free attaching options on July 21, 2009.He directly holds 12,000,000 options and indirectly holds 2,000,000 shares and 500,000 options.

[Abrak]

How does Pen fit in?

It reads like boiler room spam.

[zorro1]

Abrak, a poster (forgot him already) called Pen a "poz penny stock" Im presenting a case. he hasnt answered and wont and you come up with "spam" good post quality post Abrak anyway Im off just wanted to flush out the bears hiding in the woods is kinda creepy . Welcome back all. Adios

[Abrak]

Abrak, a poster (forgot him already) called Pen a "poz penny stock" Im presenting a case. he hasnt answered and wont and you come up with "spam" good post quality post Abrak anyway Im off just wanted to flush out the bears hiding in the woods is kinda creepy . Welcome back all. Adios

Well to be honest, the quality of my reply really only matched the quality of the posts.

You only need to look at the shareholdings of the management to get a feel of the sort of company this is.

December 29, 2009: Peninsula Minerals directors issued shares

Peninsula Minerals Ltd director Warwick Grigor was issued with 1,500,000 shares and 3,000,000 performance shares on December 22, 2009, as approved by shareholders. Mr Grigor holds 3,500,000 shares, 300,000 performance shares, and 12,500,000 options. Director Malcolm James was issued with 1,500,000 shares and 3,000,000 performance shares. Mr James holds 13,085,857 shares, 3,000,000 performance shares, and 13,223,714 options. Director John Simpson was issued with 3,000,000 shares and 17,000,000 performance shares. Mr Simpson holds 27,029,419 shares, 17,000,000 performance shares, and 29,632,355 options. Director Alan Marlow was issued with 1,500,000 shares and 3,000,000 performance shares. Mr Marlow

holds 2,214,286 shares, 3,000,000 performance shares, and 20,178,571 options.

So between them the management owns a maximum of around 50m shares. Now as they award themselves shares (as well as performance shares and some glorious options) we dont know how much they have invested between in the company but it is say a maximum of US$2m (more likely half that.) Luckily they have outstanding 360m options or about 25% of the enlarged capital (which much be something of a record). So essentially management do seem to have a very sound investment case for being management.

I do understand why someone called it a 'pos penny stock' now at least.

[midas]

LOL midas i was very seriouse about the 2nd rally, Unfortunatley you were in awe of my prediction and made me a star. Say what you mean and mean what you say Midas

cheers

Mr market

I wasnt in awe at all

I said at that time ( look back at my post ) that you were the market because you were the only real participant together with a few robots. The rally was thin and not backed by widespread buying, and certainly not the traditional buy-and-hold investor.

[loong]

So Zorro,

if you have so much confidence in PEN, why didn't you just hold?

Why did you sell them?