Retailers need to take a step back and breathe.
Retailers buy high and sell low. Stop doing it...... its that simple. You are the problem. You press buy and sell button, yes its you.
You bought in because its cheap and sell because its cheaper? Either buy more or stay with what you have.
Herd mentality- buy when others buy, sell when others sell...until broke. Why?
Evs are here to stay. Chargers are being installed worldwide, battery megafatories are being built and auto makers fighting for market shares. Billions are being spent.
The company you bought into is the beginning of the chain and yet you sell your shares to a bunch of people behind desks for a loss. Why? No logic whatsoever. The company is growing, its a producer, its 1-2 years ahead of other OZ miners. Logic would say buy not sell. Many like shorters to tell them what to do, than use the space between the ear.
Charters prefer to buy at 2.80 instead of 2.50 because the lines says so, its called buy confirmation. Huh?? Regardless what the share price is now, its going to be alot higher. But, if you like selling at a loss then keep doing so. The shorts are trying to buy, that is why they are driving the price down, retailers always like to help. A TO offer can be made, 5% holding can block it. Ausbil bought at $4, they want the sp alot higher, don't you think?
The auto industry, as well as energy and a range of others, are currently relying on a handful of lithium producers
(including one that I jold) , my holdings in the company is pretty safe.
GXY Price at posting:
$2.48 Sentiment: Buy Disclosure: Held
