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@legman was bang on. When I see someone making a considerable...

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Sunrayta

4,446 Posts.

988

06/08/20

14:55

Post #: 46350854
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Originally posted by CheyneD: ↑

Good buying opportunity at the moment IMO.
Have added almost 4 mill to my holdings sub 8c.

You have to set stop losses though, really no excuse to buy a stock and then sit and watch it drop 75% odd (obviously different is SP is sub 1c).

There was also a good opportunity to sell at profit, for many, well above 35c a few months back.

Even selling at a loss after a 25% drop, would have allowed more funds to buy back cheaper at COVID prices.

Spec stocks are volatile and unpredictable .... you’ve got to protect your capital.

Despite the shattered relationship with China, they’ve arguably progressed since we were trading at 35c (accounting for dilution and MC etc) .... yet here we are sub 10c.

They will need some good Announcments to get the SP moving north though, so it’s about whether they can achieve this, before needing to raise $ again (which is my only concern).

Raising again at these levels will start to hurt.

Cheyne

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@legman was bang on. When I see someone making a considerable effort to save investors money. I'll be listening in the future.

Last edited by Sunrayta: 06/08/20

LCK Price at posting: 7.1¢ Sentiment: Sell Disclosure: Held
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