Just for the record guys, I exited my LOT positions this week. I usually write when I buy, including price, and when I sell with price, hence doing it.
As I mentioned last week, shares which I bought for long term, my average was 19. I had done a few trading on LOT, mostly selling around high 20s. Last week I bought another lot at 24 for my trading. I exited that at 23.5 with a small loss. I exited my long positions as well at 23.5 which I bought at 19
Just around two and a half months back I started moving my complete portfolio into Uranium stocks. It has been an eventful ride. I bought LOT initially only, the long stocks I am talking about. Kept buying my trading stocks and was trying to play 15/20% swings.
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But as I mentioned last couple of weeks, unusual trading in LOT which thankfully a poster explained was due to merger. So comparatively, LOT has not made much big win. When the whole ride started, it was around 18/19c, so today to finish at 21.5 - is only around 15% or so. Other stocks are average still 50% up. So the merger kept the throttle on its neck and LOT holders have not enjoyed the big gains made by others.
So couple of reasons I got out. One I want to see how U sector goes for next few days and weeks. I am very positive about the sector in medium term, what I am not sure is the short term. Secondly, I wanted to put some coins in my other favourite sector - Lithium. It has had a terrible last 15 months or so. There are signs of bottoming, though I could be wrong, and it could continue to slide. But I thought I will never pick up the bottom, so wanted to move some funds there.
So I am sure I will be back, and who knows it could even be next week. I am not trying to bottom pick, so it does not matter at what price I buy LOT, as long as I can see an uptrend in place. In my Daily Reports this week I have been mentioning that I am exiting a number of U positions.
U sector is possibly in a best state it has been for as long as I know. Only thing which I am not sure of sometimes, is Supply squeeze. This phase is giving indication that there may be a Supply Squeeze happening soon, or already happening. But that data is still a black box - unfortunately that is how the U sector operates.
I wish everyone well and hope to be back soon. All the best.
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Last
45.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $824.0M |
Open | High | Low | Value | Volume |
45.0¢ | 45.5¢ | 44.0¢ | $1.060M | 2.368M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 132002 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 52116 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 132002 | 0.445 |
21 | 390659 | 0.440 |
11 | 346318 | 0.435 |
14 | 291565 | 0.430 |
6 | 210169 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 52116 | 2 |
0.460 | 280408 | 7 |
0.465 | 140487 | 4 |
0.470 | 284972 | 7 |
0.475 | 397736 | 8 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
44.8¢ |
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Change
0.000 ( 0.56 %) |
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Open | High | Low | Volume | ||
45.0¢ | 45.5¢ | 44.0¢ | 955324 | ||
Last updated 15.59pm 14/05/2024 ? |
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LOT (ASX) Chart |