LOT Chart, page-343

Lot still playing hot and cold?

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From a wweekly perspective, a slight gain from 22 to 23 this week. Volume moderate and usual.

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So what is happening? It's playing the macro. Which is not giving a confirmed direction. So it went up to 26.5, went down to 21.5. Keeping its reputation of a hot and cold stock. If things go well, it may do better. If things go worse, it may do worse.

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Personally I wrote last week my average was 22. But I also know how it plays. Also I like to trade a portion of my stocks, roughly 30% all the time, daily. I was lucky with couple of trades. My average now 21. I am playing around 10 U stocks currently, and LOT is my biggest holding.

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So what may happen next week? All eyes on CCJ. As I wrote last week, if it can hold 39/40 level, it's game on. Otherwise talks of protecting capital may come into play. CCJ is at critical juncture. It can go either way. Let's hope its on the up. Enjoy your weekend and all the best.