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DIY Trader
- Joined
- 3 February 2010
- Posts
- 5,359
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- 345
I wasn't quick enough pulling the 15c sell order. but immediately bought a new position on the break.
New target 23c; stop level lifted to 14.5c
I wasn't quick enough pulling the 15c sell order. but immediately bought a new position on the break.target: 15c?
I wasn't quick enough pulling the 15c sell order. but immediately bought a new position on the break.
New target 23c; stop level lifted to 14.5c
View attachment 66589
Galaxy is a stock I wish I had never sold.
But these kind of stocks are so few and far between that, on average, it's still more profitable to trade swings than holding on for months and years.
I hold again, hoping for a break above the current Darvas Box. Stop if it drops through the bottom of same.
I put a order 1 year ago and didn't get it at the price i wanted. If i did I would've kept it until now as I'm a LT trader.
Barely had the Market digested the pre-Open announcement about the first shipment (which was rather "Olds") than a Trading Halt had to be called so they could reply to the above with a "clarification".Red-hot lithium miner Galaxy Resources is contemplating the sale of a stake in its $US1.4 billion ($1.94bn) Sal de Vida lithium development in Argentina as it weighs up funding options for the project.
Galaxy, the best-performed stock of the ASX 200 in 2016 after a 330 per cent share price gain, has been in talks with potential offtake partners in recent months as part of its plans to develop the Sal de Vida.
Managing director Anthony Tse told The Australian those discussions included the prospect of selling a 30-40 per cent stake in the project, which would reduce Galaxy’s share of the project’s $US376 million capital cost and help fund its remaining portion of the capex bill.
The company almost went under in 2013 under previous management as it struggled under the weight of debt, and Mr Tse said he was determined not to repeat the mistakes of the past.
“Having gone through that cycle of deleveraging the balance sheet, we also want to think of ways to not overleverage again and have a reasonable level of the most appropriate financing structure for our projects,” he said.
Nice trade and exit .
Yeah. someone is still buying. look at absorbtion on Friday 22ndTurns out the gap 2 weeks ago wasn't a breakaway after all.
Instead, it gave "someone" a welcome opportunity to get back down and pick up more shares for a good price. Mission accomplished, and back up she goes.
Now wait for the breakout proper.
View attachment 72744
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