LRS General Discussion, page-19437

A good rise, now a pause, something not right?.

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From a weekly perspective, LRS had a small drop, moved from 20.5 to 20. Volume normal.
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So what is happening? Turbulent times. Volatility has increased considerably. Greed and fear alternating. Punters confused. US Li stocks had a reasonable increase. Most stocks around 40 %above their lows, and they have kept the gain they made recently. ASX Li stocks doing the same. Chinese Li stocks were lagging previously. So they did 3 consecutive 10% increase days. Caught up to others. After that they had to hold like US Li. But they are not playing the game. Lost 10% yesterday. Another 6 to 8% today. So not a good sign. I have always said that for sustained increase, we need all Li stocks to go in tandem. As I have been writing, we cannot have a party, without Chinese Li stocks. They can lag for short periods, but then have to catch up. But they are playing truant again. Not completely given up the gain, but looking very vulnerable. So now we have a question mark on the rally. Next few days may provide more than direction, but a caution sign has been given.

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LRS too is playing the macro. And playing like most ASX Li stocks. But not very strongly. As the future may be tied to PLS. And PLS is big stock. It will move with market, with macro. Not unlike many other Li stocks which can have its own run. So normal, drift down play, for the time being.
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Personally I did not like the Chinese play. I play trading pattern, number, etc, and something didn't look right to me. So I let go half of my LRS shares at average 21. Last week I wrote my buy average was 20, so not any gain as such, but was spooked by macro, as well as LRS not doing the swings it used to do before. Will be happy to buy back soon, even higher, if signs are good. I know most here are long term and anyone who sells, like me, for whatever reason, is not someone wants to see. My play is different, I try to minimise my loss, may not be the best play, so if possible, understand how I play. I know most gains are made by holding long, but I have always written I trade a portion of my holding. I could have got it wrong, so please dyor. I sometimes receive flak when I say I have sold a few, but as most can understand, my play is completely insignificant to what happens to share price. The reason I write is that every stock I write, I write when I buy, with price, when I sell with price. Not sure why I do, with hope that it may help someone,

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So what may happen next week? A lot depends on tonight. Till now, from bottom, the play has been that US Li stocks have taken the lead, went ahead, and kept the gain. Chinese Li stocks have then caught up. Last week, ALB was pushed down whole week, but it held 94. And then bang on Friday, it moved to 102. Same play this week. Whole week has been pushed down, but has held 102, even when Chinese stocks dropped 10% yesterday. We need another bang, maybe tonight, and straight to 110+, more importantly, above my number 106. Chinese stocks can catch up next week. Will that happen? Let's hope so. Enjoy your weekend and all the best.