I bought a few shares last week in the low $2s. However, I did not get to replace all the shares I had sold in the high $2s. I was hoping to buy a second batch below $2. I think the SP could have reached the $1.9s, but it didn’t due to the Tesla news. I still think that there will be another dip for me to buy the remaining shares, because Tesla should experience a correction at some point.
A good move by Orocobre by buying when it is cheap. This is proof of more consolidation occurring in the sector, but I like this one better because it is buying a great resource when prices are low. I don’t care how the market reacts short term to Orocobre’s news, but I don’t care much as I see this as a great long term move.
I still plan to buy more shares before and/or after this Friday, when the half-year report will be announced, which is expected to be week in sales/profits but positive in progress for stage 2, Nahara and Advantage acquisition. I am hoping for an extra dip....
I bought a batch at $1.7. It was a larger batch than my previous one, so my average of the 2 buys is in the $1.8s. I will buy an even larger parcel if the share price gets around the $1.5s.
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