Alk Chart, page-1679

I am trying not to get caught up in any short term sentiment.

As with all commodity stocks, ALK has a tenency to be rangebound, twisting from upper end to lower end of 60c to 80c band.

My personal approach, very imperfect as it is, is to lighten over 80c and accumulate under 65c, this keeps me close to the business with actionable trades but quite content to keep a heavy overweight investment position at all times. As a very long term holder (entering just after the 2011 bust), ALK has been very kind to patient investors. Many here will have shared this experience. The pre-demerger euphoria is now well and truly over.

Am not expecting 2023 to deliver much more than short term trading profits. Am definitely expecting much more consistent price gains in ALK over the course of 2024 and 2025 as POG re-enters uptrend, the definition of Boda is complete and the cash pile continues to grow. M&A remains an outlier possibility with this company seeming trading at a heavy discount and will be easy pickings for a mid-Tier 1 producer to snap up in a heartbeat.

Thanks acouch for your daily charts, they are insightful for shorter term perspective.

GLTASH