LOT 3.92% 26.5¢ lotus resources limited

An important week coming for the stock. And maybe for the sector...

  1. 4,827 Posts.
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    An important week coming for the stock. And maybe for the sector - all U stocks.
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    U sector is doing great. U stocks very well. LOT playing average, for now. Big players are in control, line wipes etc. So they have held the reins for now. But still LOT gained 40% from its lows. If things go well, next number for me is 37. There may be plays before, but it could reach there.
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    Personally, 2 weeks I wrote that I have exited most of my stock at 28 from my buy at average 19.5, at around 40%+ gains. I have not yet bought back. I want to see a strong price action. Happy to pay higher. for me trend is more important than price. As I had been writing, LOT was one of my biggest holding, so was happy with the gain. I know many are long terms, many may have 3 figure in mind. My experience in last 3 years is that U sector/stocks gain 100 or 200%, and then give most of it away. Hence I play in phases. May not be the best play, but we have to do what we are comfortable with. I am looking to buy back. For me price is not important, trend is. I will buy, not sure at what price now.
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    This is what I have written about U sector in my Weekly Report this week. Anyone more interested in other sectors, general markets, etc, look at my other posts around the weekly report, as I write that on one thread only.
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    • Uranium Sector overview - I have been writing for last few months months, May end top, July end bottom, September end top. I had written we may do highs in September end/October start. CCJ reached 52 yesterday, a gain of over 50% in a month (it was 35 on September 6). So that has played out exactly as I thought. I am no Nostradamus. I have been writing about Uranium stocks for over 3 years. I do the numbers, weekly/yearly etc. This is the 4th year in a row that September has seen the highs in the Uranium sector. May not be scientific, but its a pattern. I follow patterns. They don't always work. But sometimes they do. The did this time. And I may have been lucky once again with my call. So will CCJ do a new high above 56.24 or do a back test of 45 - which one will happen first? I don't know. U sector is very bullish, Spot price stable. Sentiment good. So the rise can still happen. Only problem with a continuous rise is that if consolidation doesn't happen, when it comes back, it drops big. Its been rising for a month, most stocks have gained average 50% (some more, some less). I have taken some off the table. For 2 reasons. First i feel a consolidation/back test may happen, not sure but odds are even. Secondly Li sector started coming back. U sector had risen. So I thought, if Li sector does well, it may do better. There are lots of ifs, no guarantee. I will buy back U stocks I sold, I am not sure about the timing.

 
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