I agree in a way, but CXO is being left behind for now and it is clear that new investers are opting for LTR.
And that is what I seeing and I am acting on it. Case in point in July 2022 CXO was 95c or so and LTR was $1, it was great time to sell CXO and Buy LTR.
In few months, it will likely be a great time to sell LTR and buy into CXO especially if LTR over shoots.
Of course have to pay short term CGT, to me it is none issue and my long term goal is to make more money than sitting on a stock.
Much like I never owned a share of DLE but after Jcap report on Vulcan and saw how the stock reacted, thought hmm I missed a 50% upside. But when JCAP did a job on LKE, I bought in at 70c and sold out at $1.20, learning all the time and moving to take advantage
It is just a different style of investing, I am LT but very active, and I buy and sell as I see it.
Many LT seems to think holding forever is a goal.
PS: have a look at my sentiment, I HOLD and have a BUY rating... but at the moment I am buying something else.
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8.3¢ |
Change
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Mkt cap ! $177.3M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1606055 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.6¢ | 110070 | 6 |
View Market Depth
No. | Vol. | Price($) |
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3 | 1606055 | 0.083 |
9 | 552421 | 0.082 |
21 | 1635327 | 0.081 |
74 | 3001090 | 0.080 |
2 | 37659 | 0.079 |
Price($) | Vol. | No. |
---|---|---|
0.086 | 110070 | 6 |
0.087 | 906456 | 10 |
0.088 | 884499 | 10 |
0.089 | 730081 | 6 |
0.090 | 1107191 | 19 |
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