LOMs potential SP?, page-33

Malaga,

Your approach sounds great ... and although less potential gain, is minimises your risk and potential loss. Sometimes being too confident and greedy does result in losses.

I did at one stage consider whether I should sell some LOMOB when the price rose (Note:- The LOMOB had not been issued to us last time LOM rose to $0.60 cents) and then try a retain some funds and buy LOMOA when the LOM price came back down.

Using this approach, I could potentially (if I was lucky) get as many LOMOA options as I held LOMOB options ... with a longer expiry period and a lower exercise price ($0.20) ... and decided that this would be too risky, and if I could predict the movements / swings in the share prices ... I would be retired and a full time investor.

I decided against this approach on the basis that I do not think there will be much downside for the LOM share price moving forward ... I think it will be up, up and away based on what lies ahead (based on historical announcements), and hence did not want to kick myself later.

I suppose we all have different investment styles and risk tolerance levels.

Well done and best wishes,

Zippy1