Too risky, all battery mineral shares are coming down to their lowest 52wk level before it will go up. HXG has not yet. And this is regardless if it is lithium cobalt or Graphite and regardless what resources they have, financing, PFS etc etc. Share trading has nothing to do about what a company actually has, it is all about trend. Trend that is organised and manipulated and some people make big money by doing this by selling at the hype and doubling down at the low. Very much like poker. People that win don’t do things like: “if it goes down I will by more to average down” but “I will just get back into it” they don’t say: “I will leave it in the bottom draw because I know what we have”….” Be patient”, “time will come” etc etc. They don’t do that, they just say that to influence people and get into their nerves as a stock slowly does down (a slow decrease gets into people nerves more than a sharp drop), and most will eventually sell at one stage… But when they get back in, indeed, it is a sharp rise …
HXG Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
