Will we hit 130 or 150 first? . I have posted a link to my weekly report here, which I have been doing for close to 3 years. Based on pattern of recent posts on this stock, what interests most is instant gratification by vilifying others, calling names, etc. Taking potshot by one liners. Unfortunately my post is not that, so will disappoint most for their daily fix, so please ignore if you only want to see that. . .So how is it looking - will we hit 130 first or 150? Probability says 130 - I know I may again get bashed. So unless there announcement, at this stage I feel a play of 130 may happen. I could be wrong, happy to be wrong - its just probability. I am basing on my trading pattern. Also, on Friday US markets got smashed. US Li stocks lost average 6% on Friday (more in my weekly report). So it would be good hold 130. If not, 118 comes into play. Upside, key is to get over 150. . Another thing is CR. Last year we did CR in Feb (60m) and Oct (34m). Average expense per quarter around $15m. WR1 likes to do CRs at least having 30+m. After this quarter, it will reach there. So not sure when that will happen, but looks likely, at least by Jun, if not earlier. An Investor Presentation has already been done, but that doesn't set any timeline. . Something has become very toxic on this WR1 stock threads. Most posts are trying to ridicule others, making packs to attack anyone who is not "one of them" - an alternate opinion, someone exiting. I post on lot of threads. I see that from time to time across stocks. So its not unusual. But its quite rampant now here. I know most enjoy that. Like a crowd bashing up somebody - most are cheering. Doesn't mean its right. . I have been doing Weekly Reports for over 3 years. I make an attempt that I help someone, anyone, on Hot Copper, especially with their research. I provide numbers, details etc. I also have an opinion, I also some stocks - but its for the reader to decide what they want from it. . I know may will not get it, but with some with an open mind, they could understand what I am saying - I post here mostly on a Weekly basis, sometimes more if I exit or buy during the weak, but average for last several months is weekly - how am I threat? I am one of the few on Hot Copper, who will write when they buy, with price, when they sell, with price - not later, but same day or week as I may be posting. How many can be so open?
My last 3 trades on WR1 -
First trade from 73 to 97. I did buy in 70s. I had written clearly that I will not average down. So when it went to 50s, I didn't buy. I had a plan, maybe not the best plan, but I stuck to it. I sold out my buys from average 73, which I was holding for quite sometime, at 97. When I sold at 97, I wrote immediately, why I had sold. I had also also given a price, where I thought, on weakness WR1 can go - 80. It reached 78. I bought at 80.5. Point is I had given a price where I may buy after selling. Point is I bought at around that price.
Second Trade from 80.5 to 112. When I bought at 80.5, I mentioned a number where I may play - 112, based on previous trading pattern. I sold at 112. When I sold, I said clearly that I will either buy in early 90s on weakness or 120 on strength. Because I don't know what is going to happen, so I plan for bot situation. I wrote that on my sell.
Third trade from 123 to 145. When I sold at 112, I had written I will buy at 120s if it goes up. I bought some at 121, a bit more later, my average 123. I wrote that. I also wrote that I will be playing the number 145 and 170 next, if it goes up. I sold out at my number 145 giving reasons, most importantly I felt the next number 170 may not happen immediately. When I wrote I bought at 123, many people liked my post, I got some brownie points. Even though I wrote that I play level to level and 145/170 is my next play. So why did I get brownie points? Because we we were in 120s, 145 looked good. I was a great person thinking about higher numbers. And then I sold at the number I had told earlier - at 145. All hell broke loose. How could some sell WR1? Pack attack, vilifying, making fun, taking pot shots - all the good hallmarks were back in play.
. I some other world, some other forum, I may be lauded, firstly for doing all these weekly reports and sharing my data. Secondly, posting when I will buy, when I will sell, etc - not many do it. My last 3 trades I even got it right. I don't claim to everything right, but I was lucky. Anyone taking cue from may have been lucky as well. But here, focus is in shutting down any such voice which is not to one's norm. It will not happen. We are in an open forum where both positive and negative opinions are to be shared. Its healthy. To shut down one type of opinion by using some force is not healthy, and I feel will not succeed. Because at some stage people realise who was right. . I have nothing against anyone. I post on a lot of threads, and sometimes I get this. I know my posts are not for everybody. But I know there are few, maybe very few who may take cues from my posts, it is for them. For the rest, enjoy the gratification.
For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore. . Here is the report for this week. . . https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-73331635 .
WR1 Price at posting:
$1.37 Sentiment: Hold Disclosure: Not Held
(20min delay)
