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AKE

0.00%

$9.83 allkem limited

Btw, this doesn't mean I will wait until end of next year. I may...

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whoamI22

195 Posts.

33

26/09/22

18:02

Post #: 63885605
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Originally posted by whoamI22: ↑

I've got to keep looking up your abbreviations...."afaict" and "lirc" Lol, before I can answer you.

So almost every year I buy in June 2 or 3 companies I believe will be going up again from July onwards after being sold down for tax purposes generally. As you quoted me, I said I'd be watching until end of June. It didn't get below 8 or 9 by then, so eventually I bought my first medium term parcel on 30 June at $10.21. as I've stated many times, I'm a believer! Also, I've stated "AKE has been holding up well" I didn't think then it would go down too much more, but when it did, I bought from 9.41 to 9.92 to end with an average of 9.73 by mid July and just worked it from there.
We are now in the 2nd wave down in the US, so I sold out my last shares last week as said and will wait until I believe we are near the bottom again. I don't fight institutions, shorters etc. I try to predict what they are doing and go with world markets, but especially right now as it is a "perfect storm" as I've said, the bottom of this might not be until late next year and after another bounce and then 3rd wave down.

Maybe I'm right or maybe not. We'll see, but atm I'm doing just fine in general and with options against the US market (same with them, I've bought and sold numerous times just moving with the market).

I hope I answered your question....."Empty your mind. Be formless, shapeless, like water" ha ha!

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Btw, this doesn't mean I will wait until end of next year. I may buy AKE in the next weeks or months. Time will tell.

AKE Price at posting: $13.86 Sentiment: None Disclosure: Not Held
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0 Great analysis

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