General discussion thread, page-725

Well not a great day today, but not unusual after a big rise. Many times it like to consolidate, which usually leads to some drop.

From a trading perspective, although we lost 1c today, it was on a lower volume of last many trading days. If the volume decreases further that may point towards a bottoming process. There was lot of buying today at 15c which looked like accumulation. The drops were only few times, but big ones - so someone with a decent holding getting nervous/or deciding to take profit. Its always a tricky situation when stocks have made 100 to 200% gain in short time. There is always a tussle between profit takers and those punters who believe that this was just the beginning and most big gains are still to come. Many stocks that I hold in Li sector have gone through this process, mostly it has come out good - but markets are volatile, so please dyor.

It would be good to hold this level. Recently we touched 14 so if we can move from here and make a higher low, that would be good from many angles.

Personally holding for now and watching, is reaching an important level. I have little bit of positivity as have been trading/holding from around 7c, so lets see.

Although it looks far now, but another attempt and break of 18.5 would be good. Based on how BAS has traded in last 5 weeks, there is a possibility of that happening soon as well. Lets see how the big boys want to play this out. All the best.