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LTR

5.18%

91.5¢ liontown resources limited

Must admit that this caught me off guard then thought the...

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TrayonRanger

9,544 Posts.

2548

25/07/24

18:47

Post #: 74919926
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Originally posted by ASX-DayTrader: ↑

Basic tactics to hype it up so he could day trade the stock.. I made $20k+ from the start of this month until now because of the pump and dump that's been going on each week for LTR.

One thing is always for certain is that what goes up must come down.. In other words, "what pumps up must be dumped". Long-term holding is excellent for this stock but you can't deny the fact that day traders are making short term profit and having fun while everyone just accumulates and holds like sitting ducks.

Get ready for another run to $1

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@ASX-DayTrader

Originally posted by GGG77: ↑

Most regulars on here are excited about the transition of becoming a miner from an explorer into the deepest technology disruption we'll have ever experienced in history. So for them the daily/weekly pumping and dumping that you speak of is not really that impacting. Mum & dad investors are yet to have that great of an impact in a market where the institutions, investment banks and brokers have their bots doing all the pumping and dumping to support their positions not to mention the ups and down within the geopolitical realm.

As much as your well traded month led to a $20k+ profit short term of which you're not shy about and appear to be celebrating, many of us here are in long for generational wealth that makes $20k+ sound like a waste of time when considering the risk vs reward to achieve this grade of trophy status. Feel free to throw in your best losses if you're so keen on revealing your wins. Most pokie players that gloat only ever mention their wins yet their losses are generally too far gone to even count. I'm sure you're mostly in front though as you sound like a winner.

I don't rely on pumping and dumping dynamics though I will not personally avoid promoting a business that has fundamentally appealing attributes that will likely lead to complete financial freedom for myself especially when it has so much legroom to the upside and is currently undervalued.

Tim Goyder is building an empire that will hold value beyond your "what goes up must come down" thesis. If your rationale had any merit we should fall back to 2 cents at some stage.

But let's all give 'ol mate DayTrader a big cheer. He made $20k and told us all. What a Legend!

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Must admit that this caught me off guard then thought the comments may be a subtle attempt to lure significant holders to try their luck at the roulette wheel so the shorters could clean up.

That doesn't make sense though because even a small variation in the share price eg, ten cents (10¢), moves some LTH's account by six figures - in some cases multiples of six figures.

Another item not referenced, is that CGT on anything, even the measly $20 000, is fifty percent (50%), whereas for LTH's of twelve months or more it is half that rate!

Last edited by TrayonRanger: Yesterday, 18:50

LTR Price at posting: 91.5¢ Sentiment: Buy Disclosure: Held
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