George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
badprophet, lol; that 'innit' put a smile on my face; and beleive it or not brought a alot of good memories...
unlikely it aint coming a all, but more likely people thinking they can get in cheaper if perhaps they wait one more day, one more week etc. MM's will also play on this to generate buys and sells which is what their job is ultimately.
Hi SY, as tempting as it is to want to sell, it would be the wrong time in my personal opinion. Once you held onto shares for long enough is always tempting to sell on the first rise or profit; and sometimes it would be prudent to do so. However, given the current imminent catalyst it would be a firm hold regardless of whether the SP drops or rises in the short term. I've always made more money holding long and ignoring the dips/rises (which can be huge 50% at times on AIM). However, ultimately the 5,10 or 15 bagger offers better returns.
Of course, that is my personal opinion which others may disagree on, and prefer 'top slicing' which in my opinion erodes the potential huge return.
To sum up, if you don't need the cash immediately, hold strong. I hope that helps and GOOD LUCK.
B
MM's will shake the sh*t out this around this price range before letting it go to 10p and beyond. Personally, I don't use technical analysis on these types of shares, it often does play out . Good luck to all, I am very happy to hold..I wish I could add even at these price levels.
B
****ney, I agree with you, we will need another week or so to pass those resistance levels it maybe sooner as news is imminent.
Overbought secanarios can be good indicators, however, in some situations, particularly this one, I expect us to remain Overbought for a long time; which can also happen with shares and is healthy.
There is psychological resistance at 10p mark, where there will be profit takers expecting the SP not to go past that level or simply people happy with what they have already made.
Once we pass the level of 10p and hold will we be on our way.