I have a feeling that Lithium stocks are now mostly in deadcat bounce mode due to such negative sentiment about lithium prices and possibility of oversupply vs demand. PLS is pretty much stuck in a range from 30c-35c due to the recent cap raising. GXY seems to be stuck too. People wonder if it will go under $1 so no one is willing to run it up just to see it sold down again. It might work for long term player to start accumulating from now on but the ones deeply stuck in GXY since it was over 1.40 are going to have to wait for a long time to see any chance of getting out even. After I took profit over 1.25 and jumped back in very slowly when it got under 1.20 and then 1.10, I am still a little in the red! I feel that if it gets back 1.15 I would get out even and wait for a better entry. Only when people give up on it, it's a good time to buy.
below $1 is new reality, page-68
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