Let's see how we trade today. Don't get me wrong, TLX is a...

Let's see how we trade today.
Don't get me wrong, TLX is a fantastic company, im just not going to stick around for another 20% pull back as it's run very hard and this is a real risk.
Happy to trade this and try and reduce my average cost and increase my holding for long term.
It's clearly capped currently at $12.
I have no doubt it will go to $20 or $30 over next couple of years and hence will accumulate at lows.
but it's pulled back 12.5% from highs so it's warning the current trend may have ended and needs to consolidate and ret-race a bit for a while.
Cost of capital is not free and doesnt justify hanging around if not trending up for a while.
Even CSL trades a big range and can pause for ages... thats just the biotech sector. There's no dividends to miss out on either so it just trades on; fundamentals, technicals and market mechanics.