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Stock Trading => Trading strategies => Topic started by: Ian on June 09, 2010, 02:56:03 PM
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Bought ASX.LSR @ $0.09 on Wed 2010-05-05
Reasons:
* Highly volatility stock.
* Price growth currently in a dip with upward potential.
LODESTAR MINERALS LIMITED
http://www.lodestarminerals.com.au/ (http://www.lodestarminerals.com.au/)
Lodestar Minerals Limited is exploring for nickel at the highly prospective Penfolds tenements, which cover three known nickel belts, and are only 12 kilometres from Kambalda, a world class nickel province in Western Australia.
Nickel has already been discovered on the tenements, and the ground is largely unexplored using modern drilling and geophysical techniques.
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Firstly apologies for the missed posting on the BUY. the post was done in a retrospective way. This reduces the power of these postings. I must have just missed doing it back in May.
This is the first of this group of stocks to be sold.
Summary:
Buy Price: $0.09 on 2010-05-05
Sell Price: $0.15 on 2010-06-06
Profit: 66.67% growth over a 35 elapsed day trade.
With an assumed trading overhead of 14 days out of the market, this allows for 7 such trades in a year.
Assuming compounding... enough said - very happy with this one.
Price did spike as high as $0.175 (wow) but I did manage to catch it on the way down. Good enough.
;D