Banter and General Comments, page-342

Oh well, someone said cross promoting is not allowed. So blatant. But its fine, Many of us hold multiple stocks, so I don't feel aggrieved, but some do, including those who look after us.
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So your advice is to to get out from WC8 and get into your favourite stock? Why? Firstly, because you feel you have done so - taken profits from here and looking for next AZS ( or even a next WC8). Good on you. Secondly you feel, that stock can give you best gains. Again, individual opinion, and its possible, so I will not argue with that theory - because we don't know what future is in stake.

I will give you two reasons - one right and one wrong - why such a move could either be good or bad.

I have been writing Daily and weekly reports on Lithium sector for close to 2 years. I track and report performance of 96 ASX Lithium stocks. I can tell you - I have seen the highs, I have seen the lows. I can tell you another thing - we never know what's going to happen in future, but we can use numbers, stats to determine probability what may happen.

Hers's the link to a post I did last week. Talking about Stage 1 (hype) and Stage 2 (reality). And also Stage 3 0 reincarnation, which ahs not yet happened for any Lithium stock,

Here is the link.

https://hotcopper.com.au/threads/ann-loyalty-options-offer.7622402/#post-70232251

I have played your stock from 2 to 2.6 in first run, Bought back today for a scalp at 2.1 today. Most Li stocks in Stage 1 (hype) made a gain of 100 to 300%. Average around 150/180%. Your stock made gains from 1.1 to 1.8 - close to 150%. In this phase, Stage 1 (hype), roughly around 3 phases might be happening. First phase is over - 1.1 to 2.8. Second phase is in play - from 1.8 to something. Then it will come down. Then final phase, with a smaller range. I never play phase 3. And then Stage 2 (reality). I never play Stage 2 as well. Then back to base. Unless it has the goods. Chances of something great are - less than 5%, even lower, otherwise it will join over 100 ASX Li stocks and over 30 Canadian Li stocks which has a Stage 1 (hype) but never delivered, got to Stage 2 (reality - and dropped close to 80%) and are still waiting for another life.

So I played phase 1, 30% gain. I am playing phase 2. Maybe similar gains. All scalping. But I will be out soon. Results in 4 to 6 weeks - so lot of time for phase 2 and 3 to play - i will play phase 2 and be out. And will not play phase 3. And never Stage 2 (reality). If there is something good to happen - lot of times to make entry - we don't have to pick best.

I have learnt, if you want to play a good game, play with stocks which have substance. WC8 has had a big gain for last several months. One of the start performers in Li sector for 2023. I did 4 trading in this stock before but never posted, but for this phase started posting from last week.
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I am not a great fundamental person. I track 96 Lithium, 28 Uranium and 26 REE stocks. I follow numbers. I follow price action. I do fundamentals but rely on other posters on each thread - and there are always good people around that. I read both pros and cons - the cons are more important - there are couple of posters in last day or so posting cons, and its good to see the other side.
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Sometimes I also go with my gut feel. Somehow I feel WC8 is another AZS if not bigger. I am not scalping here. I will change my opinion if results are not good or price action is not good (eg constantly dropping). Otherwise, I will continue to hold and buy more here. I did that today as well. All the best.