Interesting video.
LKE probably does not meet the definition of a 'pump and dump' as described in the video, IMHO. There may not have been an organised ramp that included lies- stand to be corrected.
LKE, I think, is more a vanilla case of multitudes of new retail investors coming into the market with extra money that central banks pumped into the system in 2020/21. The world had what has been called, 'the everything bubble'. Extra retail investors, extra money and boredom during lockdowns.
LKE, like most other stocks, simply had a board that put out optimistic announcements. Boards do that. Retail punters do not have the tools usually to read through announcements and filter out the BS.
Have a look, there were multitudes of stocks that ran hard in 2020/21 and have now lost around 90-99% of value since there ATH. Their ATH values now look ridiculous and, in many cases, LKE included, even their current MVs still look too high.
Lessons? Probably the biggest lessons would be to not let your confidence get higher than your ability, and, do not risk more than you can afford to lose. Something like that.
IMHO DYOR
- Forums
- ASX - By Stock
- LKE towards TOP-5
Interesting video. LKE probably does not meet the definition of...
-
-
- There are more pages in this discussion • 156 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LKE (ASX) to my watchlist
|
|||||
Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $58.39M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.5¢ | $93.07K | 2.597M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1059251 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 326967 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1057251 | 0.035 |
16 | 1117646 | 0.034 |
22 | 1316655 | 0.033 |
30 | 1858135 | 0.032 |
19 | 1136495 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 326967 | 6 |
0.037 | 21500 | 2 |
0.038 | 399191 | 4 |
0.039 | 363834 | 8 |
0.040 | 2674038 | 13 |
Last trade - 11.04am 29/08/2024 (20 minute delay) ? |
Featured News
LKE (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online