Yesterday US markets didn't do well. ALB lost over 4%. So I was expecting a weakness today.
Personally I sold my shares on open and bought back at 46, the supposedly "gap" number, though it touched 44. So now I have reduced my average to 49. This is the second time I did full exit after first buying at 62 and full exit at 60.
Sentiment is still weak. There can be some technical up and downs, but any decent gain we may have to wait for markets/Li macro and sentiment to change. I want to hold WC8, so am trying. I wouldn't be surprised if I have to do another sell and buy back again, hopefully the final one for keeps.
At this stage I am just neutral and following price action. But the way markets are going, including LTR today, its not looking great. But lets hope something changes for the good in next few days or weeks. All the best.
WC8 Price at posting:
48.3¢ Sentiment: Hold Disclosure: Held
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