ESS 0.00% 50.0¢ essential metals limited

International Lithium Corp. and Pioneer Resources Discover Lost Pegmatite, page-15

  1. 3,215 Posts.
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    Appreciate the words - thanks Chill.

    I don't worry about the sledging and sarcasm from some. At the end of the day a rude post will not save their dollars. And anyway - it is their dollars - their choices.

    I have always been clear about my intentions. I am looking at PIO as a trade. And I call the detail as I see it - I could be wrong. The only judge of who is right and who is wrong will be the SP. And currently - that judge is falling my way.

    I was thinking about a longer term holding using profits acquired from past trades of PIO. However, I might wait until some further de-risking becomes apparent.

    I think this (as a trade) is a delicate balance between a stalled SP - buyer ambivalence and the release of an announcement. I try and ride the waves. Buyer ambivalence and a lack of news will slowly send the SP down (happens all the time) then I will buy with one eye to the horizon for a news item that will provide a tail wind for the SP. Once I have acquired my predetermined percentage gain on the run up - I hop out. That's the plan - and I have got it wrong from time to time. Oh well ... that's the market.

    And if there are players here (LT or otherwise) who simply dismiss the sheer number of current lithium explorers and the fact that many will not even go close to realising their ambitions - I am very glad that they are playing with their dollars and not mine. Ignoring that fact is just plain dumb - in my view.

    Actually, you are correct I am reviewing my 3c buy order. I might go to the 2.8 or a tad lower.

    And yes - like you I am here to make dollars so that my family can enjoy a better lifestyle. My family are my club. PIO is not my club.

    Good luck to you Chill and others. Everyone has different goals and objectives - learn to live with it - I say!

    Just my views
    Last edited by Basileus: 28/07/16
 
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