CXO

4.17%

11.5¢ core lithium ltd

Being a novice, I am aiming for similar aspirations. My problem...

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Kjuagutt

184 Posts.

31

06/12/22

15:45

Post #: 65178459
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Originally posted by ipv6ready: ↑

It is up to you as the investor. Share price move as other investors buy and sell.

These reports are generated reflecting overall macro conditions. Big banks are calling for overall slow down 2023 and that it will affect lithium sector. Even a novice should know that a recession is likely 2023

What you should also be aware is that people reading these reports and acting on it are 99% of retail investors who knows little about lithium market. They read recession and all car market will slow down, and they sell.

Also consider 99% of direct share holders in lithium have it as side play not in the main conviction portfolio and most importantly vast majority of lithium stock holders know anything about lithium sector, likely never heard of SC6, Hydroxie or carbonate or the diffence between spod and dle. They buy on good news and sell on bad news.

You as a expert in lithium sector can decide what happens when retail investors sell out to SP as it is happening down.

The number of shares in lithiums stocks I hold varies in my trading portfolio and SMSF greatly as I sell and buy back or buy more than sell down. As the tax treatment in SMSF and Trading Trust is very different to my investment I hold for LT

I also hold shares in my LT long term portfolio but these I buy the dip only.

Note: I only have small amount of CXO shares in my LT portfolio but I have anything from x0,000 to x00,000 shares in my SMSF and Trading portfolio.

Investing in a company is not like supporting football team, I have no emotional connection to any stock I own, it is simply a way to make money.

Recently when CXO was $1.80 it was to expensive, I sold out from 6 figures to low 5 figures in number of shares. Now I am looking to buy back in when it looks like going back up in my tradng and smsf.

I say to people, dont fall in love with the stocks you own.

I am not talking about you but so may cheer lead stocks, I wonder if they also cheer for their bank stocks if they have $100,000 cash deposited in a term account.

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Being a novice, I am aiming for similar aspirations. My problem is that I might have been falling in love with CXO. Of course, it doesn't help to sip a cup of coffee at a mate's place and see the clouds from the blasting on site.
So that an LT US investment, my SMSF was getting monthly compounding interest ( a lot better then aussie banks) on got traded in for CXO in one of the dips.

CXO Price at posting: $1.30 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 11.5¢		Change -0.005(4.17%)		Mkt cap ! $246.4M

Open	High	Low	Value	Volume
11.5¢	12.0¢	11.3¢	$1.220M	10.57M

Buyers (Bids)

No.	Vol.	Price($)
110	6252092	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	695532	1

View Market Depth

No.	Vol.	Price($)
94	5150657	0.110
59	4896261	0.105
119	9106628	0.100
9	429348	0.099
14	681902	0.098

Price($)	Vol.	No.
0.115	695532	1
0.120	1696737	20
0.125	1855435	21
0.130	3049128	50
0.135	1863275	32

Last trade - 16.10pm 04/10/2024 (20 minute delay)

CXO (ASX) Chart

Being a novice, I am aiming for similar aspirations. My problem...

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Being a novice, I am aiming for similar aspirations. My problem...

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News