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5.70%

83.5¢ liontown resources limited

Ann: Trading Halt, page-196

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flatspin

9,840 Posts.

180

02/07/24

14:46

Post #: 74568810
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Originally posted by Tangles2020: ↑

If people followed your mantra they would've sold LTR at 2c years ago when it doubled from less than 1c and are now wishing they never did that. Young and volatile companies like LTR are inherently risky plays, so it makes perfect sense to get greedy and expect massive upside. To mitigate the risks you position size accordingly, not try to time the right price or sit on the fence forever wondering if you should ever get in.

I bought more at 85c last week. How I did know it was the right time to buy? I didn't. That's the trick, you don't overthink it. You just buy whenever you like the price and you ignore the people who pretend to know the short term future, because they almost always get it wrong.

People didn't exit at $3, including Gina herself and the board of directors, obviously because they think the company will be worth more than $3 a share in the future. Do you know more about this business and the lithium market than these people? I really don't think so. You want to follow the actual experts in the space, not the so called experts.

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Also, mondy is a source of good advice on another share I own, and which advice I totally ignore.
Another waste of oxygen there.

LTR Price at posting: 96.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 83.5¢		Change 0.045(5.70%)		Mkt cap ! $2.024B

Open	High	Low	Value	Volume
84.5¢	87.0¢	82.5¢	$23.78M	28.13M

Buyers (Bids)

No.	Vol.	Price($)
5	280558	83.5¢

Sellers (Offers)

Price($)	Vol.	No.
84.0¢	505144	5

View Market Depth

No.	Vol.	Price($)
5	280558	0.835
9	405999	0.830
10	207482	0.825
25	412233	0.820
5	232307	0.815

Price($)	Vol.	No.
0.840	505144	5
0.845	16000	2
0.850	28134	4
0.855	37389	6
0.860	98881	3

Last trade - 16.10pm 10/10/2024 (20 minute delay)

LTR (ASX) Chart

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