Another way of looking at it is to consider whether recent falls in share price presents a good buying opportunity.
As for the drop in Copper, looking at charts, August 2019 recorded similar levels and several months in 2016 saw even lower drops but it recovered. As we know, the share price of this stock can move either way very quickly. I thought share price was likely to fall below £4 again so held off buying. Nearly bought when price fell to £4.06 last week but didn't and missed the rise. Now it has, I intend to slowly buy shares again.
On a personal note, plan on using any profits to fund the cost of dental implants. Have had several bouts of septicaemia resulting in the loss of a lot of teeth which was very upsetting. Been on the waiting list to have implants fitted for several years now as I meet the criteria owing to my medical condition. Unfortunately, I've had another severe infection recently and lost 2 more so can't wait much longer. There's 10 patients on the list which was very difficult to get on but needs must. So here's to Kaz helping to fund the cost ......
During market hours, trading isn't accurately recorded on LSE. My buys have sometimes shown up as sells and vice versa. After hours when trading volume is lower and figures finalised, assumed it was more likely for trading to be recorded accurately.
Thank you for your interesting feedback. On balance, decided to sell my last batch of Kaz shares on 13th Sept. Price climbed higher in the afternoon after I sold (always the way) but considering recent price drop, glad I sold. Just waiting for price to settle now but as we know price can move either way very quickly.
Given todays fall in Copper (currently 1.96 - 2.3%), Kaz has done well to recover it's earlier fall and is holding up extremely well.
Thank you Rastuss for your kind Birthday wishes. Alfie had a fabulous day that stretched across the weekend as family and friends called to see him. Everyone was very kind and he had a wonderful time opening presents and soaking up all the attention. Are you considering buying Kaz yourself at it's present price?
Lol! He does a little strut when he knows he's being watched as if to say "yeah, I know I'm adored". He's being thoroughly spoilt and is currently stretched out on his new cushion having a nap after a long walk. Inspired by his new collar and Copper's rise I've day traded Kaz today with some success - there's his presents to be paid for!!
As we know, holding Kaz is a roller coaster ride at times where the price can rise and fall very quickly. Overall, I've done very well from it but have been caught out a few times and had to wait for the price to recover. Longest time was from 2012 - 2018 when I was left with 2,000 shares bought at around £9.37 only to see the price drop to less than a pound.
Morning everyone! Hope Copper is able to build on this breakout and not fall back like yesterday. It's our Labrador Alfie or 'handsome pants' as he's often called, birthday today and it's a special one as he's moved up into double figures. He's wearing a new collar with a copper name plate so we're doing our bit to encourage price rise.
Thanks hash. Yes, that's the plan. When the share price is this volatile, I'd rather take some profit than risk losing it all if the price falls back. Volume is also a key factor. There have been times when I've ended up having to buy back in at a higher price so, will be interesting to see whether I've called it right.
Pure luck! Price could go either way at the moment so if there's good profit to make in the short term, I'll take it. Started buying again at £4.28 and at intervals from different accounts all the way down. Was showing a considerable paper loss for a while though until recovery kicked in. Agree £4.40 ish is now the new resistance area which is why I've sold some lower price batches in case share price falls back especially, as price of copper is falling again. That way I can purchase more at a lower price. Might turn out to be a mistake if price continues to rise but would rather take some profit now and hold the rest. Can also buy back in if there's a further rally in the short term with just stamp duty to pay.
"Copper is expected to trade at 2.62 USd/LB by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, it's estimated to trade at 2.49 in 12 months time" https://tradingeconomics.com/commodity/copper
Something to do with there being an equal and opposite force on the share in the upward direction (Newton's Third Law), which makes it bounce. The conversion of elastic energy to kaz-etic makes it rise.
Always knew my O' level Physics would come in handy one day.
Might be the case with other boards but don't think I've ever read such claims from the regular posters on here. I find it an interesting, informative and friendly board with some very knowledgable individuals where differing views are discussed with respect and light humour.
Personally, I don't know where the bottom of the current range is. I'm slowly buying Kaz again but don't expect to buy at the exact bottom or even sell at the top of the range . If it's ever happened at all, it's pure luck! Bought 11,393 shares so far between approx £4.21 - 4.28 so already showing a paper loss.