Every dog has its day. It's in a very vicious downtrend at the moment. I think anyone buying with the expectation for a big bounce purely for reasons like "short sellers need to close", "it's oversold", etc, are deluded to what's actually going on in the real world. The price of lithium will likely trend lower for a fair while yet. By that time, GXY could be much closer to $1 and therefore this "bounce" that is supposedly going to occur may make you breakeven if you bought at current levels.
GXY Price at posting:
$1.51 Sentiment: Hold Disclosure: Not Held