General Discussion, page-263

How will CR impact short-term trading?

From a weekly perspective, a drop from 11.5 to 9.3. Last week it dropped from 14 to 11.5. So 2 decent drops in 2 weeks. But it has risen a lot, so it has to be looked on a longer timeframe, where it may, or I would say it is, still very good..

Last week I wrote how the CR raise and price may impact in short term. Somehow it played that way. It was all about 10, and some under 10. So no surprise there.
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Personally I wrote last week that I had exited my position at 12.5, my average buy was 4.5. Main reason I gave was I wasn't sure how CR play will happen. As most would have known, I play for short-term trades, so got out. I know most are long terms, its doing well, it is one of the hiccups to get over. I have not yet bought. I was tempted on Friday closing auction, pulled out last minute. I want to see a trend change. For me trend is important rather than picking bottom. So I will to see a change in trend. A rise over 10.5 may look good, so lets see.

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For those interested how the stock is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 30 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.
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https://hotcopper.com.au/threads/enr-weekly-report.7575014/#post-74120955
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