Ann: Corporate update, page-117

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mcexplorer

15,730 Posts.

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26/04/22

18:34

Post #: 61027108
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Originally posted by dc1234: ↑

A rather tame end to weekly excitement
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Yes, on a disappointing announcement, ESS finished 6.5c lower to finish on 62c. Our volume was good, over 17m shares traded.
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ASX Lithium stocks were also in decline. Of the 31 stocks I track, average decline was around 5%.
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So what happened today - Although it was disappointing but not unexpected. If you read the weekend report and my statement around trading halt, there were two things I had pointed out. One was describing our recent rise from 35 to 70c. Second around high numbers being mentioned and my head saying we will not get it though my heart wanted. Today's Corporate update was also just around those two points. I was surprised to read about the recent gains being mentioned, but it was obvious. So although I was wishing for something great, from inside I was not expecting it. But its good we are in limelight and in good Li days we will get back to our highs. I did sell some of my trading shares on open, bought partially at 60, let's see.
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What next - We want a green Li day. It's uncertain, only thing to fall is on probability. Will that work, let's hope so. All the best.

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That volume is good is because too many have just sold out and run away. Myself wouldn't buy back until below 52, otherwise just let it go.

ESS Price at posting: 62.0¢ Sentiment: Buy Disclosure: Not Held
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