Well my 2c worth. Generally on the lithium sector.
everything ran hard ..this stock went from 4c to almost $2. That sort of performance won't happen again, it'll be slow grind if lithium does pick up again.
a lot of that was fomo; people jumping in cause they saw how hard these stocks were running and wanted a piece of the action. Now that most of those late comers have been pole-axed they'll be reluctant to invest in this sector in the future..
the old adage about taxi drivers..when 1 of them tells you to buy..it's time to sell. Implying they hear the general vibe of the population..and that when many are jumping in for a piece of the action (on whatever has been hot / running hard ) it's already over bought / over priced.
Banter and general comments, page-35883
-
- There are more pages in this discussion • 3,425 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.3¢ | $1.220M | 10.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 110 | 6252092 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 695532 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |