AKE 0.00% $9.83 allkem limited

AKE Chart, page-282

  1. 3,522 Posts.
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    Not quite. I trade a couple of others but either with much longer cycles ( eg CSL, 4DS) or for much shorter periods, like a few days when I see an opportunity (this list is huge but these I might only trade once or twice). For example I traded APT a year or so ago when it was locked in a daily cycle between 20 and 30 dollars and then again between $30 and $40, and the same for WOW, but these tended to be 2 sets of trades a day or so in a fixed pattern (fire and forget). AKE is the one I trade daily and sometimes multiple times in a day, and the one I trade in large quantities (which means many small trades) when I am trading it. At the moment PLS would probably be a better one to trade, but that hasn't always been the case, and in terms of intraday movement it often works out the same 12c on AKE = 4c on PLS. I have been trading AKE/ ORE/ GXY/ MM (something?) for a long time and know its patterns and can often sense its 'emotions' now so I am much less likely to panic or get overly excited.

    I used to do the spread portfolio thing but lost money on the ones I wasn't closely managing, so now I focus on only a few at a time that I can actively and continually monitor and learn the patterns.

    The other reasons for AKE are that it is spread across multiple channels (hard rock & brine), in multiple countries, and with non-Chinese customers so risks are reduced hence my disaster wipe-out scenario is minimized, and it isn't in Africa which is an unstable powder kegg politically and socially - so it's sovereign risk across all these fronts is lowered.

    Lastly, It has spent almost its entire life undervalued from an asset realisation point of view when all 3 mining regions are properly factored into its value it might be time to rethink, but right now it probably has a 75% - 100% upside on resources worth alone. That is a heck of a safety net which constrains just how bad and fast things can get within my trading horizon.

 
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Currently unlisted public company.

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