Just a bit. Was hoping to pick up more in the SPP, but looking at how popular the stock has become amongst small holders, i've prbably got buckleys.
I tend to put my capital where it can get the fastest possible acceleration, and recently that has been in blue chip calls, GSEO and RMG.
TLS, RIO and BNB have been behaving perfectly for me, and I've now ploughed a bit into WBC on a punt that it will break out of its Darvas box.
I still think WMT will get to a $1 by christmas, even though its missed my three month target of 53c. Provided we don't get that black gap down tomorrow, I'm fairly confident it can get to the 53 cent target by June 14. That's OK, but its much slower than what I'm expecting from my other instruments, so I haven't left it a very big allocation. To put it in perspective, RIO's 9.3% gain since the beginning of April has given me a 220% gain on my calls, and TLS well, lets just say, Sol has been good for me. Its hard to keep a lot of capital in a stock that is essentially moving into the midcap category, where multiple share price gains take months rather than weeks. I keep it more as a psychological attachment and also as a bit of a hedge against an overall market downturn (which WMT weathered very well in February).
- Forums
- ASX - By Stock
- WMT
- to test 40 today tomorrow
WMT
western metals limited
to test 40 today tomorrow, page-34
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review