Chart, page-245

Today I bought a fair few WC8 at average 62c.

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Just ovover 2 months back as I had mentioned in my post, I had exited at average 90. Since then I have been writing every week, but had not yet bought. Today I finally decided to get in. Have only bought one fourth of what I had previously, but that was a very large holding. I will see how we go. Li sector sentiment is not good, so if I see further weakness, I may exit, around 60 or so.

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So I have been writing that we need a catalyst. We didn't get a catalyst but I still bought. Why? I am taking a punt that Li sector may bottom here, within another 10%. So I know I can't pick the bottom, so started buying. My 60% portfolio was Uranium stocks. It's going very strong and in a state of euphoria. I had very good gains and exited around 80% of them today. Could be a very wrong decision, but let's see.

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Of course, we all know the potential of WC8, so any change in sentiment, we could see the stock returning to its earlier form. As I have consistently written for last several weeks, key is to get over 80. But first two baby steps, above 65 and then 75..

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So. next week is crucial. We need to hold 60 even on weak sentiment. Will that happen? Let's hope so. Enjoy your weekend and all the best.