Any chance of a takeover??, page-11

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TopGun1

12,595 Posts.

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14/04/19

17:16

Post #: 38133757
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Originally posted by Paydirt7 ↑

bahar; most on here share your enthusiasm but the only 2 certainties in life I know of which are death & taxes. I for one have traded this stock a number of times and thru that action can buy 100K+ of shares at current prices for free. IE from trading profits. Lets say a trader purchased 500K of shares at 20c then took profit at 40c they would have made $100K in profit less tax (if applicable or used profit to write off losses elsewhere) So that trader has turned $100K investment into $200K, cash.

Now the buy & hold investor who purchased 500K of shares at 20c saw their investment soar to $200K in value on paper then fall to $137,500 in value at one stage. They have left a lot of money on the table with NO GUARANTEE the price will appreciate.

Many traders on HC got caught with battery stocks, me included that saw huge gains disappear in a flash. My style is to keep some stock in the bottom draw and trade a portion as well. Everyone to their own method. Everyone should write down a trading plan and stick to it. That means set goals for profit taking and stop losses. I wont let a stock run into serious losses these days especially on spec stocks which LCK still is.

I am VERY optimistic about LCK but keep my eyes glued for what might pop out of left field. Dont invest what you cant afford to lose.

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Hi Gang.

I'm out of jail!!

I see the downrampers have disappeared.

LCK Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
19 Upvote

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