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20/05/17

19:27

Post #: 24814476
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Originally posted by Andyrooooooo ↑

I'm going to put my non-existent reputation on the line and call an end to the Lithium downturn.

After about a year of cyclical bearishness in Lithium stocks, and the ongoing secular bullishness in the price of Lithium, i think the bottoms have been made in some of the major names on the ASX:

View attachment 578538

Throughout May some of these stocks have hit superior low points; PLS hitting 32 cents and BGS rooting out managerial tumors and being placed in a 2 month suspension.
Looking at the chart above, on the second last line, these stocks have put in significant corrections in over the last year, in the magnitude of 50-60%.

In the last week we have seen PLS bounce strongly of its 32 cent lows to see it enter (what i believe) is the beginning of the Orphan Period for them.
We have seen the re-entry of institutional investment from Blackrock into GXY, now holding a stake of around 6.3%.
We have seen a positive run in Li stocks for the last week. I almost feel like i can check my Commsec account without seeing blood all over the screen (on a daily basis that is).

Fun times from here onwards i hope.

Cheers,
Andy

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Reputation none. Agree.

https://www.********/investing/2016/12/23/do-lithium-stocks-belong-in-your-portfolio.aspx

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