If people followed your mantra they would've sold LTR at 2c years ago when it doubled from less than 1c and are now wishing they never did that. Young and volatile companies like LTR are inherently risky plays, so it makes perfect sense to get greedy and expect massive upside. To mitigate the risks you position size accordingly, not try to time the right price or sit on the fence forever wondering if you should ever get in.
I bought more at 85c last week. How I did know it was the right time to buy? I didn't. That's the trick, you don't overthink it. You just buy whenever you like the price and you ignore the people who pretend to know the short term future, because they almost always get it wrong.
People didn't exit at $3, including Gina herself and the board of directors, obviously because they think the company will be worth more than $3 a share in the future. Do you know more about this business and the lithium market than these people? I really don't think so. You want to follow the actual experts in the space, not the so called experts.
LTR Price at posting:
99.5¢ Sentiment: Buy Disclosure: Held
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