Sorry to see CXO , SYA LKE taking a tumble ... Jeez must be thousands of investors locked in at higher prices that will never be reached for years....maybe CXO has a chance of recovering over next few years.....
Seems the ...Lithium wannabees cannot get enough income/revenue to justify their market cap. so the market just drops them down accordingly....boom boom SYA was 22 + cents now 10 ish... Lake resources ..down 80 % .same thing ... CXO ... still not enough income /return to justify their S/P .... so market just takes it down ...... debt problems
I was a big trader / follower of SYA ...BUT their deal with PLL was that production would go to PLL for like $900 a ton ... so again /....no income for years .....CEO resigned & selling his shares .... millions & millions ..
September /October are always down months in U.S. markets...& U.S. has lotsa headwinds .... PMT is showing a classical bullish set up ...today .....sorta feels like an announcement is imminent..
Personally I'm watching for a positive announcement ...BUT if S/P drops below $1.40 ish I'm out !....coz U.S. markets are dropping now ... good luck everybody...
PMT Price at posting:
$1.40 Sentiment: Buy Disclosure: Held
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