How far we will go?.Haven't posted on LOT for a while. Last time...

How far we will go?
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Haven't posted on LOT for a while. Last time I had played around 30 level and had exited there. But LOT became in recent times and I have been holding for some time now in this phase..
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From a weekly perspective, LOT remained flat on 46. There is a key number, a psychological number, 50 sitting. I feel we need to get over that for bigger gains.
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This is what I wrote in this weeks report -

• Uranium Sector overview - Uranium stocks this week were mixed, and a three pronged play happening currently - there are now clearly 3 different sets of U stocks who are playing differently. All the big stocks are doing very, many making 52 week highs week after week. Stocks like PDN, BOE, BMN, LOT, DYL, SLX etc. Next is mid-level stocks from maybe 50 to 250m market caps. There are stagnating and not have had the big benefit of the rise. There are better than before but lagging big U stocks considerably. Stocks like AGE, EL8, TOE, CXU, DEV, AEE, PEN, etc. And then there are small caps. Forget about benefits and gains, they are worse than mid caps, infact there is practically no gain there, some even down, stocks like 1AE, EME, EPM, GLA, GTR, HAR, GUE etc. This is how the market is playing whether we like it or not. I know mid and small stocks follow from behind, but this time it looks different, the lag is becoming bigger and bigger. That could change, but cannot be ignored for now. I am playing accordingly. Spot price, nearly stagnant this week, a small drop from 92.40 to 92.25. 4 ASX U stocks made a 52 week high this week, again this week, very positive, but it was characterised by big stocks like PDN/SLX/BMN/LOT doing that, BOE just behind. These are the same 4 stocks which also did 52 week high last week. Message is clear, for now. I have been saying for many weeks, CCJ will make a new 52 week high before it may go down, it did that on Friday, 53.17 - but then profit takers took control, finished at 50.91 - has put a question mark now I feel.

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Personally in this phase I am holding from 38. I do like to trade and try to pick the highs and lows, sometimes it works other times not, but I like to do that, keeps me engaged, on my toes. Before this traded many times. I did traded recently once when it reached a high, but bought back when it looked like continuing - I wrote that in my weekly report.
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For those interested how stock is tracking against other Uranium stocks or who hold multiple Uranium stocks, I do a Weekly Report across 34 ASX U stocks for more than 3 years. It has got Weekly/Yearly data how stocks are tracking. Also figures for last year. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.
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https://hotcopper.com.au/threads/age-weekly-report.6580138/page-5#post-73780399
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