WR1 General Discussion, page-25679

Will be interesting to see what happens over the next few days in the US.
Market has been running a bit too hot for the economic climate for now.

Alot of people calling for blood today and while LIT and US producers fell off a cliff yesterday I personally think that's more to do with people trying to lock in the small profits that they had made over the last week.

What I think we're seeing is a bottoming for WR1, in that the registry has almost completely changed.
Alot of new entrants who are comfortable to just hold at these prices and instos, trying to amongst themselves on the daily to lock in a profit here and there.

At some point people will just stop selling and I believe we are getting close to that.
You look at SYA and CXO, they have barely moved in the last 3 weeks. And you would think they are the worst as if this Li pricing continues they may never comeback online.

Not saying we won't go lower but you need to think, recently people would be taking money out of Li and putting in US stocks. Now the US stock are falling people will be taking money out and looking for the next beaten down worn out sector that has low evaluated stocks.

Call me crazy but now US markets may cool for a bit, I wouldn't be surprised in Morgan Stanley or Goldman Sachs comes out with another report saying supply isn't as high as they thought after the restocking.