Just for the record guys, I exited my LOT positions this week. I usually write when I buy, including price, and when I sell with price, hence doing it.
As I mentioned last week, shares which I bought for long term, my average was 19. I had done a few trading on LOT, mostly selling around high 20s. Last week I bought another lot at 24 for my trading. I exited that at 23.5 with a small loss. I exited my long positions as well at 23.5 which I bought at 19
Just around two and a half months back I started moving my complete portfolio into Uranium stocks. It has been an eventful ride. I bought LOT initially only, the long stocks I am talking about. Kept buying my trading stocks and was trying to play 15/20% swings.
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But as I mentioned last couple of weeks, unusual trading in LOT which thankfully a poster explained was due to merger. So comparatively, LOT has not made much big win. When the whole ride started, it was around 18/19c, so today to finish at 21.5 - is only around 15% or so. Other stocks are average still 50% up. So the merger kept the throttle on its neck and LOT holders have not enjoyed the big gains made by others.
So couple of reasons I got out. One I want to see how U sector goes for next few days and weeks. I am very positive about the sector in medium term, what I am not sure is the short term. Secondly, I wanted to put some coins in my other favourite sector - Lithium. It has had a terrible last 15 months or so. There are signs of bottoming, though I could be wrong, and it could continue to slide. But I thought I will never pick up the bottom, so wanted to move some funds there.
So I am sure I will be back, and who knows it could even be next week. I am not trying to bottom pick, so it does not matter at what price I buy LOT, as long as I can see an uptrend in place. In my Daily Reports this week I have been mentioning that I am exiting a number of U positions.
U sector is possibly in a best state it has been for as long as I know. Only thing which I am not sure of sometimes, is Supply squeeze. This phase is giving indication that there may be a Supply Squeeze happening soon, or already happening. But that data is still a black box - unfortunately that is how the U sector operates.
I wish everyone well and hope to be back soon. All the best.
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $384.6M |
Open | High | Low | Value | Volume |
21.0¢ | 22.0¢ | 20.0¢ | $2.044M | 9.705M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 150398 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 42600 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 120398 | 0.210 |
4 | 46734 | 0.205 |
13 | 680417 | 0.200 |
9 | 181886 | 0.195 |
9 | 139473 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 10000 | 1 |
0.220 | 128402 | 4 |
0.225 | 135875 | 3 |
0.230 | 203251 | 3 |
0.235 | 153307 | 4 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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LOT (ASX) Chart |