Closed this at 22.70. bottom is not in yet. I'll wait on it
Bottom Fishing
- Thread starter themickey
- Start date
Closed this at 22.70. bottom is not in yet. I'll wait on it
What's the commission on 385,000 shares?
Interesting trade.
https://www.australianvanadium.com.au/wp-content/uploads/2019/05/AVL-121-presentation1.pdf
Your govt likes them. Granted "Major Project Status". Not sure what that means exactly, but it sounds good.
https://www.minister.industry.gov.a...leases/major-project-status-boosts-wa-economy
Its gonna take a lot to move the stock though. Might as well sit on it for a few years, never know.
$19.95 comm.
Fee structure is:
$10.00 (Up to and including $1,000)
$19.95 (Over $1,000 up to $10,000 (inclusive))
$29.95 (Over $10,000 up to $25,000 (inclusive))
0.12% (Over $25,000)
Yes, I will hold as long as possible once it moves into profit, but mining is very cyclable, goes from boom to bust, so this needs to be considered.
I actually spent some time this morning looking at it lol. If it was anybody but you lol... I wouldn't have given it the time of day. As far as I can tell, they have no debt and a little cash on hand. I didn't dig real far though. 198M shares out. So you own like .195% of the company.
I guess if they go t/u, you might walk away with a track-hoe or a dump truck maybe for your $4500. Could be worse. You can flip a hoe in Oz I suspect.
My strategy is; after all my years of trading, imo, getting in early on an uptrend which has signs of life, ie has a pulse is my best chance. I can buy blue chips, yada yada yada and they all either bomb out or have mediocre returns - after holding for long periods. Take for example copper and lithium lately, pfffff, months sitting in doldrums and everyone raving about EV.
I don't have energy nor inclination unfortunately to sit at a trading desk on the edge of my chair hitting a mouse button, so instead I sit on multiple positions and via sheer odds expect a positive return on selected stocks, atm 33 positions. Stocks can have both good and bad surprises, by being selective - which means doing some research, I expect the good surprises will outweigh the bad.
As far as being a trader, I don't consider myself as good, I'm basically a duck shooter, pepper the air with buckshot and aim in a general direction where birds are flying.
The skill if any is having balls to remain calm while the birds are retaliating via shitting on my head.
My latest algo was an accident by creation, and it has a bent toward new trends, so hence this thread, bottom fishing, but it takes time for the market to cotton on a new uptrend has begun.
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GME (Gamestop). 6 years of declining share price, last 2 months have been positive. I'm betting on this being a bottom. Insiders bought shares again for the first time in 6 years over the last 3 months. They've started a share buyback program and are attempting a business overhaul. Debt levels are low, and losses from last quarter seem mostly attributable to a goodwill impairment.
I'm in for 600 shares. Will add to that position at $6 and above if I see some good continuation.
I'm in for 600 shares. Will add to that position at $6 and above if I see some good continuation.
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Top Analyst Upgrades and Downgrades: Starbucks, Splunk, PayPal, L Brands, Medtronic, Gap, Novartis and More
Published: May 25, 2018 9:10 a.m. ET
L Brands Inc. (NYSE: LB) was maintained as Overweight at Morgan Stanley and assigned a price target of $56 (versus a $35.22 close).
lol totally possible. this management seems determined to squeeze out some short term gains on the way down though. I don't think we would have seen the insider buying otherwise. I think it's a good bet.Or maybe.....
