Diaries of a High Risk Trader.
Follow at your own Risk.
LC/B have a high RSI now, but still looks like it's poised for another run-up, any correction might be through time (sideways movement) rather than a big sell-off. Expecting this to break 1.90 before it goes sideways or range trade between 1.80-1.90 level, might kiss P2 briefly though due to over-hyping (lucky to those who posted GTC orders 1st), but no breakout once the RSI cools off to at least 50%, then BOOM P2 and beyond. Caveat.
If you bought LC when it reach the lows of 0.052 back in 2008 and sell it 10yrs later, in 2018 assuming FSE is in production, the price of LC would be in par with PX today P20+ modest price assumption, assuming gold and other metal commodities didn't go parabolic at that time yet "wink, wink".If you had bought and hold 100,000 shares of LC @ 0.052 in 2008 (that was the minimum board lot at that time and it only cost you Php5,200 + commission, no need to avail stock rights), and sell it 10yrs from now when it is in production stage; 100,000 x Php20 = Php2,000,000 - commission. You have become a millionaire just by investing Php5000+ of your capital with this stock for 10yrs, no bank / bond yield could ever give that amount of return, even if you had sold it now for 1.72 (Php172,000 - commission). Assuming if you trade your 100,000 shares of LC on its highs and lows for ten years (assuming you were good at it) you have netted tens of millions of pesos or more by 2018 with only Php5000+ capital.Just wishful thinking LOL, but it could become a reality 0_0
What a great example on why you should stop the wishful thinking when you're in the market. December 2, 2011 LC Price: 1.7185 and now August 5, 2017 LC price is at .1880 with a -89% loss. Anyway goal was 2018 so maybe there's a few years left before we could hit that wishful thinking of P20 :p kidding! I'm sorry but it won't happen we need a 10538.297872340427% increase in stock for that to happen if we'll base it on the current price and as for the PSEI basura stocks, the highest percentage increase could be at least 400% in a year? hope you're doing well, hello 2011! :D
Boss Zee, isasama po ba ang wick sa pag guhit ng kahon?
mag observe muna bago magtanong