I have bought my first LKE in 2018 for $0.11. Then I averaged down to about 4c. When SP started to go up I tried to be smart and play with my "spare" shares over 1 mil. I sold at 6c, 8c, finally 20c. Everytime I was hoping to buy back in for less. It never happened. the SP was running away from me. I kept my 1 mil of shares which is the base of my investment. The only upside to this story is that the profit from the shares I sold paid for my Lake investment, so my million shares cost me nothing.
The point what I am trying to make - unless you are skilled day trader, jumping in and out could be a dangerous game.
Just my thought.
Should the price go below 20c I will buy back in again. But I would not hold my breath.
GLTAH
Day Traders, page-29
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Last
3.9¢ |
Change
0.001(2.63%) |
Mkt cap ! $65.07M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.8¢ | $29.24K | 752.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 3717852 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 622461 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LKE (ASX) Chart |