General discussion (MEI), page-3656

Yes, and don't worry, you tried to put me off last time as well when I was writing here, ridiculing me as if I am a fool - so no surprise there. And you were very popular, lot of brownie points. So the recipe works.

The reason I am waiting for it to go up is because I don't want to play 10-25%, and you have exactly time each buy and sell, so that you can make that big 25% where its highs and lows are there. Its not worth it. I can understand play by long termers, they have held from before, and will continue to hold - their timelines could be 2 to 5 years. And may that is a better strategy to play stock - but the risk one takes is that its going to go up. It does not happen always, it does not happen often, but when it does, big gains are to be made. So I understand that.

The reason I am replying, you asked if I am waiting for higher price. Of course yes, and have said that repeatedly, rather than another pathetic poster over here who gets bashed because of saying its going to go lower. We are in the same boat, in that we get bashed by frustrated holders. I feel money can be made if stock is on the move. Other person thinks that money can be made by purchasing a bargain. So for me price action is important - not only important, but essential to be in a stock.

In my posts for last several months I have posted multiple times that something is not right. which I mentioned yesterday. I still stand by that, and don't need to elaborate more.
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But I could have still bought and held - hoping that it will go up. I may have been waiting 6 months already, and could wait another 6 months. We all have limited money to play with. Last 3 months or so, I moved all my money into Uranium stocks - that sector gained around 100% in 2 months. I had 90% of my portfolio in U stocks in that period. And I was writing daily/weekly what my position is. Then I moved out. I was very lucky, I made one bag. For around 6 weeks I was playing one Lithium stock WC8. I had around 40-50% of my portfolio into that one stock taking big risks. And I was writing daily/weekly on that stocks what my position was. I was again lucky, I made 2 bags. Around 2 weeks back I got out of it. Last few weeks I am playing two Lithium stocks in big way - both have made gains of around 100 to 200% in this period. I am only writing on those stocks for now. Again I was lucky, at least I am hoping because I am still holding. I am up already 1 bags and more in each, but I still believe anything can happen and am cautious.

The reason I wrote above is not to boast, but to explain why I am not holding MEI. My coins for now are better utilised elsewhere.

I know you will not get it. You will find another reason to trash me down. But believe me, I get that regularly, and you are not alone. For some, to trash down someone who is not holding, is the best they can do. And I can feel your best. Many who are holding, just try to give you brownie points, with the hope, that each brownie point is an increase in share price, or at least to give them comfort that their hold is a very good thing. I get that and doesn't bother me.

I wish you well and hope that MEI does well and I will be back some day. All the best.

For those interested how MEI is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 26 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.
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https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-70980056
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