wild swings=big opportunities

LYC is world-class REE mine with grades as high as 14% some 3-4x greater than that of many rivals. A few days ago the price was smashed to below 1.20 as massive amount of stop-losses unravelled. I seek opportunities to buy stks in which i have strong conviction re the underlying fundamentals. LYC met all my criteria. As posted previously, i bought in at 1.275 and doubled-up at 1.205. Sold half my stake at today's open of 1.335. I'm no expert. Rather i am patient and wait for golden opportunities to eventuate. With about 2,400 stks on the ASX these situations often arise. My strategy is get to know about 100 companies fairly well and when the price to buy/sell eventuates... seize the moment. I hope holders who bought-in above 1.40 weren't forced to sell at a loss. The company has solid foundation... it's a matter of not paying too much. meanwhile i hope SP rise continues as am still holding a parcel.