Stock Trading > Trading strategies

Bought ASX.LSR @ $0.09 on Wed 2010-05-05

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Ian:
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/

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.

Ian:
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

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