or buy once all the short term hype investors have moved on because they dont see a 50% gain in 2 week and s/p level is Set by long term holders and investors.
if you drew a straight line from avz 18months at 2c to today at 9.4c. its indicative to what the s/p should have probably done. there's just a massive hype mountain in the middle.
I think avz and ev stocks in general attracted the most "get rich quick" investor types. hence the massive swings.
be realistic; If someone guaranteed another 400% increase in 12/18 months who wouldnt take it. if that eventuatutes there will be ebbs and flows on that path.
when i look at avz im thinking of the value 5 years from now. not 5 weeks. think about the people that got pls 2-3 years ago in the 1-2c mark and still hold at 80c.
I'd be surprised if someone made 40-80 bags trading pls over the last 3 years.
IMO lithium and ev stocks are copping the biggest flogging over the last 6 months because they were the most over inflated and easiest to rattle people out of.
but I'm pretty happy. as the only way you make money going long is being more right than the market.
I'm pretty confident the markets got the ev situation way wrong. and whilst you can all bicker about over and under supply of lith cob etc. its the lowest cost producers that will ALWAYS win out.
the basic rule of thumb in any resource is grade and quantity. I don't know of too many resources globally that are the largest grade and quantity resource of their kind that do not get taken to mine.
SF2TH
*sentiment is still on buy as I currently have an order on market which remains unfilled.
AVZ Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held