Today I bought fair few PMT at 90c..
For those interested in do a Weekly Report across 96 ASX Li stocks, weekly, yearly performance, as well as last 2 years data. It's under SYA thread.
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My first post on PMT, I think, but have been following for long. Also traded a few times before but never posted.
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Reason I bought is I feel we are within 10% of bottoming. Can't pick bottom, so started buying. I always write that for me price action is key, as I can't get to market caps based on fundamentals, especially after seeing what has happened. So I always follow price action, and if that is not good, I exit.
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So what are key numbers for me? On weakness, to hold 85. on strength, get over 110. Li sector sentiment is atrocious, but if that changes, to even neutral, I think we will get over 110, to start with. Will that happen? Let's hope so. Enjoy your weekend and all the best.
(20min delay)