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2.5¢ phoslock environmental technologies limited

Ann: China Update and new Brazil Project, page-45

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kingkev

27,906 Posts.

1368

18/02/20

21:55

Post #: 43007594
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Originally posted by ChristopherC: ↑

Have had a feeling in my gut that it might be time to use PET as a trading stock and see if I can rack up some wins by trading it. Sold out at 80 cents today and crystallised some loses ( ave was 1.05) to counter recent profit in other stocks. So was thinking it may slowly work its way back to the low 70's as the excitement over the Brazil contract wains with time. Maybe an entry around 72 cents would give me a nice 10% profit ( a little less once brokerage and tax comes out) that will give me a win on PET for once and reduce my loses.
Please note that I believe over time this stock will be a long term winner and by trading this stock I run the risk of missing another spike on good news. I think we will see 1.00 by mid year once the coronovirus has peatered out.

Christopher

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You are a brave man Chris but I wish you the best with your trading..................I know you and I will be here for years to come because I also feel that you are a better investor

PET Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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