Back in....
Took a little profit at .98 on $Liontown Resources Ltd (LTR.AU)$ a little while ago, with plans to reinvest it back in.
Strategy was to watch lithium prices, wait for nice dip, but went back in too early at .92
So.... Change of strategy meant rather than just holding long term (original plan) I'd get out asap at around cost price.. Cut a 1.3% loss, waited, waited, watching downtrend... and added a little more cash to account so when it looks ripe I have extra to play with.
Now back in at 0.77 (which should be around bottom!?) & with a few more shares than I sold in the first place.
With analysts putting it between $1.10-$1.90 I'll now keep holding and bottom feeding while I can.
Being ASX it's also much lower volume and will take longer to get there...but I'll be here with my few K shares, accumulating more, happy as Larry when it does come back over 1 😁
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
MooMamaLlama OP : looks like .77 was a good re-entry