Hello there Android, friend - robot with human appearance.....is that you ASB? (joke) Agree with this scenario.
OK. Sooooo nice to see the bottom finally in! My opinion
I haven't posted anything in.....I don't know how long. Anyway, in June each year as time goes on....and it's been many years....
I look at stocks that have been up during the year, preferably for much of the year, meaning many people have bought shares at a higher value. (This increases your chances) So then I look at how much they have dropped....preferably 50% to, well, hundreds.
This year I didn't have to look far for a main contender - GXY. We have an average of probably around $2.40 for the year with highs of over $3 and now $1.235 to $128.5 (perfect). Apart from any other purchases I have made, I have spent $54,000 on GXY this June which is just a portion of my long holding (I'm really long on Galaxy). I need some cash for my next OS trip in 7 weeks ha ha! This is my strategy for many years to cash in on the EOFY capital gains savings of many people. Certain stocks go down in June for this reason and go back up in the new year.
Hang on ASB and the turd of HC - Collinchi (you've been on and off my only ignore poster, but now you're water off a duck's back)....
where was I....oh yeah....the sector. Totally agree with you ASB. the sector has been in a downtrend for over a year. I wish I saw it coming to this extent. I did sell some at $4.46, but ......hind sight blah blah....And by the way, if you trade for years, you will have plenty of stocks go down and need to accept and learn and move on to better things. We now wait for the next 1 to 2 years and then some for at least half of my shares.....
The only other key factor is that the company has to be a solid company with good management and good financials and prospects. I believe Galaxy is that and looking forward to a new CEO joining the management. Also of course I expect the lithium sector to pick up in 2020 to 2021.
So there's 2 days left! No guarantees.This is just what I do and not advice, but let's see ;-)
Happy to take criticism in 4 weeks when I'm wrong,.....but....maybe I'm right!
GLTA.....except Collin.....Sh1t....couldn't help it ha ha!
