You are more bullish than me
I'm similar to CJ's thinking in that I try to estimate on the lower side, it makes for some more safety margin, record Q of production would be a damn good result, I'm hopeful for that but assume not quite.
CJ I am starting to get a good appreciation for the down 50% must recover 100% rule, hit by that several times, been investing for around 8 years now but only really started to have a substantial amount in the market in about the last 2 years, really need to have better risk management if I'm going to be cutting back on work and more focus on my investing.
Had some great rebounds like this and BSL, 3 bagger and 4 bagger respectively but realistically should have been more like 6 bagger and Disallowed without much difficulty had I had more patience and tolerated less risk in regards to catching falling knives.
Also when I think of the capital I had tied up for some buys I didn't make due to holding those when they were tanking makes me cringe, easily could have been retired twice over
I'm over-weighted in LYC after maxing out my allocation and realistically still hold too much although risk is substantially lessened now, I feel much more comfortable holding but will definitely be reviewing that if we get a new high over the next few weeks, should really only hold half what I do now and I doubt that half would survive crossing of the $3 mark, balance would be held well past that.
LYC Price at posting:
$2.21 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)