I hadn't heard the term capitulation day so I did a quick search, and for those of you like me are fairly new to the game:
Capitulation
Interesting point
"Investors can only identify capitulations after they have occurred."
How to profit from panic selling
This is a very interesting stock to hold but also at some point to buy more shares but using the quote from Investopedia;
"Investors can only identify capitulations after they have occurred."
As regards cobalt price, theoretically if CLQ can withstand the current low cobalt price, it bodes very well, as there will be a higher future cobalt price.
The current cobalt price is in one sense irrelevant as CLQ etc aren't producing, it is the cobalt price in 2 or 3 years going out to the future.
Investment banks would have a team of analysts and would not be looking at short term prices but future predictions.
The lower the current price of cobalt less incentive to open up new mines the higher future prices will be assuming the demand is there.
We shall see what happens, but I will certainly think of putting more cash in at 50 cents if that price arises.
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Last
27.5¢ |
Change
0.005(1.85%) |
Mkt cap ! $24.81M |
Open | High | Low | Value | Volume |
27.0¢ | 29.5¢ | 27.0¢ | $34.01K | 119.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35710 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 5937 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2407 | 0.270 |
1 | 3773 | 0.265 |
2 | 3141 | 0.260 |
2 | 4200 | 0.250 |
2 | 3001 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 5937 | 2 |
0.310 | 8289 | 3 |
0.315 | 12000 | 2 |
0.320 | 2000 | 1 |
0.325 | 9504 | 2 |
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