As I've said multiple times this year, before and after AGY's admission of the disaster, it is important as an investor or trader to move before the market does. Of course the market was going to crash the price once the company explicitly admitted that the plant was in a dire state. The majority of the market waited for that announcement. I was jumping up and down telling everyone as explicitly as I am allowed to, to act before then. Everyone recognises what's happening when the fat lady is singing. Profits are made and losses are avoided by those who recognise that the fat lady is preparing to walk on to the stage or has started to sing, not when she has already finished and there's a stampede for the exit.
Optimism is a fantastic virtue in most aspects of our lives. If you are running your own business or it's in relation to your wife or a holiday you're on or some hobby venture, optimism is your friend. It increases the chances of success and makes life more pleasant.
When it comes to investing or trading, optimism is as much of an enemy as pessimism. You have no control over the company's success or the share price movement. You just want to be realistic, predictive and proactive, without bias.
I agree, lithium may not be in the doldrums until 2028. I... see absolutely no relevance to my speculations about what will be happening in 2028 to what investments I make in 2024.
I'm not as confident as you are about a run on lithium next year. Hey, you might be right, I am not game to say otherwise, but with AGY set to collapse in price this year, why buy/hold now because of speculations about what might happen next year?
It's interesting that you can acknowledge that your views are likely to be interpreted as "blind faith" and also claim to be seeing things "without blinkers". When your own claims are internally inconsistent, you know you have something wrong. Why is "learning from your mistakes and looking forward" a reason to "hang on and continue your losses"? Can you honestly say that you expect the share price to increase over the next few months?
Even if you're somehow optimistic about the future of AGY, why do you want to stick around for the next six months which are obviously going to be terrible? AGY isn't your child, spouse, or best friend who has stuck by you through your darkest times. It is a company run by ruthless individuals who have no respect for you and are literally deceiving investors in order to take their money to put into their own bank accounts. It's quite amazing that so many here accuse me of being the bad guy, because I bluntly did my best to show them who the real bad guys are. People really are amazing. Not so much referring to you personally there, to be clear.
AGY Price at posting:
3.4¢ Sentiment: Sell Disclosure: Not Held
