Monday, October 24, 2016

Closed out my position in Lithium Americas (LAC.TO)

I had already sold off a large part of my position, but had kept a decent sized position in case LAC took off.  Now seeing other opportunities I've sold off the remainder.  

Looking at the chart I see a pattern of lower highs and lower lows possibly emerging.  Thankfully my cost average was less than 50 cents CDN so I won the game, selling for more than what I paid.  And if LAC takes off and makes big gains from here, then I will simply have to cry into the money I made.

Best of luck to those still holding, I do think LAC may still end up a long term winner.  

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