Thanks, Bluegoose. Re that big hit of mine, interestingly, I didn't do anything particularly clever but I did the following:
* invested in the right sector (so the rising tide would help lift my boat - as with lithium, now. World-wide paradigm shifts like this, that traders can potentially cash in on, can have phenomenal effects when you call them right);
* worked out that I liked management - how they were handling themselves , so I trusted them to maximise whatever opportunity presented.
(I'm confident about this with Lake, too. They've showed excellent vision, application and follow through so far.);
* assessed why I thought the stock was underpriced and took the view that the reasons were more likely than not to resolve favourably - which they mostly did.
(Similarly, I think I understand why Lake has been under the radar until now, and I think some of those reasons are starting to disappear e.g. getting approvals, starting drilling, proving we've got the good stuff, promoting ourselves in the right places etc. I see tremendous upside potential for Lake when enough boxes get ticked);
* bought enough to hold a big position but trade a (small) few along the way, to satisfy the urge to take some profits (that's why I've averaged UP, as the risks clarify);
* tried not to make price predictions but just assessed data inc. comparative prices as things developed. I found that when I made predictions my ego wanted to justify what I said and, since that inevitably was based on previous data, it tended to lead to bad decisions.
(I don't know what Lake will get to so I refuse to distract myself with predictions when talking to friends. I do however think that before too long Lake will be shown to have been very, very cheap when capitalised at around $30-$35M, on an absolute basis and also when compared to other explorers. The lithium boom will be with us for a long while yet, as energy is needed by almost every person in the world, and the first wave of changes that are coming hasn't even hit us yet. So, I expect to be a shareholder for a long time yet, while keeping an eye on industry developments and markets generally).
Like you, I'd love to see other shareholders also make really big money out of this so I hope people do enough to support their chances of success.
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Thanks, Bluegoose. Re that big hit of mine, interestingly, I...
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Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.72M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.4¢ | $62.54K | 1.842M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 2289323 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 913264 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 2289323 | 0.033 |
12 | 686581 | 0.032 |
16 | 1946486 | 0.031 |
35 | 2668455 | 0.030 |
9 | 954310 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 913264 | 7 |
0.035 | 1244333 | 8 |
0.036 | 1579586 | 10 |
0.037 | 1446500 | 6 |
0.038 | 1060704 | 8 |
Last trade - 10.29am 15/08/2024 (20 minute delay) ? |
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