I have bought my first LKE in 2018 for $0.11. Then I averaged down to about 4c. When SP started to go up I tried to be smart and play with my "spare" shares over 1 mil. I sold at 6c, 8c, finally 20c. Everytime I was hoping to buy back in for less. It never happened. the SP was running away from me. I kept my 1 mil of shares which is the base of my investment. The only upside to this story is that the profit from the shares I sold paid for my Lake investment, so my million shares cost me nothing.
The point what I am trying to make - unless you are skilled day trader, jumping in and out could be a dangerous game.
Just my thought.
Should the price go below 20c I will buy back in again. But I would not hold my breath.
GLTAH
Day Traders, page-29
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Last
4.1¢ |
Change
-0.002(4.65%) |
Mkt cap ! $68.18M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.1¢ | $227.7K | 5.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1119901 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 30000 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| LKE (ASX) Chart |