Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Ann: Re-release - Mt Cattlin Update, page-91

First 91 Last

Share
Profile

Follow
struggler

4,386 Posts.

118

13/12/18

12:38

Post #: 36846600
Share

Originally posted by catz987: ↑

Short sellers expect falling prices in the future, but they buy back when the expectation reverses.
And here is my story -
1. Recently, I read a chart about the growth rate of China car sales over the past year or so. It shows that the growth rate has declined since April, entered negative growth rate in Sept or so, and then stabilize in the past 2 months or so (while still in negative growth territory.
2. It's safe to assume that most cars are EV or something like that in China these days. So that'll directly affect Lithium price wouldn't it ? .... meaning cheaper Li price caused by declining EV sales growth rate (to negative growth) since April, performance of which probably matching share price performance of the Li stocks like GXY, again from around April.
3. An income tax cut is coming soon and perhaps more EV will be sold next year .... which may revive Li stocks like GXY.

Expand

Can you post that chart? Declining EV sales in China isn't what I'm seeing.

https://www.forbes.com/sites/niallmccarthy/2018/06/01/electric-car-sales-are-surging-in-china-infographic/#3a06c387d1f7

GXY Price at posting: $2.52 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 3 more messages in this thread...

First 91 Last

Add GXY (ASX) to my watchlist

SPONSORED BY