It's funny how fast the market sentiment can change and how fast one goes from feeling like an idiot to feeling like a genius and then the cycle repeats.
After watching and waiting ages for a suitable entry point, I bought on Tuesday at 5 and 5.2 cents and promptly felt like an idiot when it traded between 4.6 and 4.8 for the afternoon.
2 days later and I'm up 30%.
The reason I bought however was to make many many multiples of 5 cents in the medium term. I see SYA as potentially a 50 cent stock in a couple of years pending macro environment and the unfolding Lithium demand. That's not to say that I won't take some profits at 10-20 cents, or fiddle around edges with a little trading parcel, but I'm certainly not interested in a couple of cents as SYA is probably the most undervalued lithium explorer/developer on the ASX for the stage they are at right now.
And at least we know they have the management and the knowledge to bring their deposit into production - how many juniors have such skill and experience on their board??. Not many.
Good luck to all longs, and not so good luck to any shorters out there
SYA - Chart, page-2460
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Last
3.6¢ |
Change
0.003(9.09%) |
Mkt cap ! $370.5M |
Open | High | Low | Value | Volume |
3.3¢ | 3.7¢ | 3.2¢ | $2.985M | 85.61M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 4176281 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 546675 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 4126281 | 0.035 |
13 | 4271453 | 0.034 |
32 | 12081348 | 0.033 |
71 | 14499876 | 0.032 |
36 | 9777461 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 546675 | 2 |
0.037 | 10478059 | 38 |
0.038 | 16389346 | 31 |
0.039 | 5671797 | 19 |
0.040 | 6594768 | 34 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
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