not being greedy!
So Novonix had an awesome jump!
Though I do expect a pullback soon, so I've taken profit, and will re enter if it pulls back to .59 or 58. Like liontown, have to TP or cut loss when needed and wait it out for the right price to come back. LTR would have to go back to .67-68 for me to put serious cash on it. It made me a lot in 2022, cost me a lot since, been on a perpetual downtrend since Albermarle deal fell through.
However, they made an offer of 3bucks a share which LTR turned down. Tells me that at some point, with patience, it will be worth more than that.
Analysts at BellPotter has a very optimistic 12mth LTR target of 1.90, others are around 1.40. still double or more than today's price of 0.70!
Analysts put Novonix around 1.05-1.25 so I'm liking that very much also! It's the reason I want back into both when they inevitably dip.... asx'ers tend to TP after big jump, causing immediate drop, usually in Post Auction 4pm-4.11pm. small window of opportunity. I put it down to our cost of living crisis and extreme price gauging on groceries and fuel, making people want to take profits when available. The last few years have been pretty tough with inflation and interest hikes, wages not keeping up with index, rent and housing crisis, all compounded by Covid in 2020.... at least they are having proper inquests into the banks and woollies and Coles now. Those Ahole companies have been making massive profits when the economy is up sheet creek and homelessness is becoming 'normal' even for govt workers like nurses sleeping in their cars. While some banks were giving out 7figure bonuses. wtf. They can afford that when they close most branches and bank ATM's switched to Redibank ATM's (costs me 3 bucks to withdraw my own money now) so they aren't paying for bricks and mortar buildings with branches closing every week, all those staff members are redundant too, not paying Armaguard or whoever to transport cash to atm's.... Banks are on a roll 'saving money' by screwing their customers. Same with the big grocers. Mostly self serve checkouts now which means they sacked half their staff.... that extra money went to bonuses. Also a new inquest into their 'discounts' which turns out to be inflated prices just went back to normal and they advertise it as a price drop. 💩
Lucky Country? haha maybe 30yrs ago. Again, Covid had a massive impact on this but the disgustingly obvious rorts by our banks and grocers have sent us broke before the govt stepped in. Oh, sooo sorry for the rant...can't get me started on our govt and economy...I'll rant for hours!
Back to the original topic, us Aussies like profits, what can I say? But again, it's temporary, so I'll put it all down again at the right time 🚀
Not bad gains for roughly 1500 shares. Not a massive amount to many people, but to me who started on Moomoo with 10bucks a few years ago, it's keeping a smile on my face! its big enough to roll back in if we get back below 60.
I do hold a fair bit of LTR and NVX on another platform, but hoping to close out soon and move it here. It's just never been right time...either would cut short on gains or cut with losses, depending on the day... you guys know what mean lol 😉
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
151364853 : hold on. Take profit when tomorrow open
MooMamaLlama OP 151364853 : too late...still holding LTR though. I kind of regret it but knowing nvx like I do, it will provide a dip of opportunity in next cpl days
151453268 witso : Too right Moomamallama, love the feisty llama spit on those greedy sheister companies.


SnowVested : I searched up ArmaGuard and Ur post showed up with it.
as the big four and westfarmers are giving them cash to develop their money technology.. or some BS, as the cash handling biz is becoming harder then, to visit Birdsville races when it's dry..
that meme is fokn gold and should be highlighted.
as it's likely Tru in the CBA headquarters building in Melbourne