Chart, page-248

Yes, maybe because my Uranium stocks did so well that I thought I can take risk.

But mainly I think I went with my gut feeling. It works sometimes, but not always, so I always follow price action. Regarding being correct often, I think its mostly luck, its very difficult for anyone to predict what's going to happen - Wall Street stalwarts have failed in their predictions, I am just a minnow.

Regarding your query that if Li price pushed by 50%, I am not even thinking around that, to be honest. Lot of stocks like CXO, SYA etc have dropped over 85%. For them, even if the slide going down ward stops, that itself is a big win. Going up is a bonus. Reaching 50% up, is like a minor lotto win. So at this stage, I am focussing on the slide and watching that.

For me ALB is a benchmark I use. It reached 112. Then made 15% gain to around 127. Stayed there for a month. Then made another 15% gain to high 140s. That was the test. Will it be able to hold high 140s and go for next leg? It failed. One of the reasons I see a lot of Li stocks in panic. It has come down towards that 127 figure, but not yet reached it, in ealy 130s now. If it falls below 127, I may exit Li stocks, But if it holds and tries to make a move towards high 140s again, that may be a positive sign for the sector - not confirming we are done with downtrend, but giving hope that we may. So am watching and playing accordingly. All the best.