PMT Megathread, page-1879

Weekly data and thoughts.
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Please not that all my views are for short-term only, and I could be wrong, so please dyor.
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Lithium Sector Overview -
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From a weekly perspective, PMT had a small gain, moved from 23 to 24.5. So doing push ups and downs in last several weeks around the mid 20s, must have been very physically fit by now. So still playing in the same. What has changed, slightly, is macro. Its getting better, but no confirmation yet. Lots of hope in last couple of years but never a confirmation. So there is hope and we wait.
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Personally, I picked a few Li stocks this week after long time, picked up some PMT at 22.5 this week, which it played on 4 days this week, mainly watching Chinese play. My last big play was in 30s but mainly 40s. I like PMT a lot. It is a hot/cold stock. When it runs, it beats a lot of deer. But when it is tired, it may be a tortoise. PMT has been good to me over the years. When I think to play couple of stocks in the sector, PMT/WC8 are must. So I am playing now. Small though. Will double my holding this week, if Mr ALB/Ganfeng/PLS hold. Lets see.
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Major price action indicators -

• ALB - MONSTER week with a gain of around 15%. and now back over 20% from its lows - reached 66.67, nearly a 3 month high
• Ganfeng - MONSTER week, gain of around 12.5% for week, Tianqi gain of over 10% - big week
• PLS/LTR - MONSTER week, PLS gain of 12%, LTR gain of 10% - matching double digit gains of key indicators
• Spot Price - Good, hopeful week - Back in green for the week, a gain of around 1.2%, so second week in last 3 weeks with a green, a rarity for so long

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So what do these numbers say?

• For the first time in long time are we seeing something very different on price action
• All previous plays, there was one very noticable feature - all jurisdictions never went in tandem. When Chinese increased, US still lagged. When US went ahead, ASX lagged.
• I have been reporting numbers for a very long time, but for first in long time, all 3 jurisdictions are going in tandem. All big stocks in the 3 regions had a massive gain of double digits
• All big stocks key indicators I track are above 20% from their lows - first box ticked
• Some new announcements like AGY also bringing hope
• We have a long way to go, but there was nothing not to like this week. But based on past experience, we need at least another couple of good weeks before an average punter may be convinced of a reversal. For Li diehards, this week's number may be enough.

Personally I have been consistently writing I am not playing LI stocks fora very long time. This week, after a very long time, I have dipped my toes in the sector. Not much at this stage, but first time in a long time. Have picked up around 6 Li stocks, but small numbers now. If things continue like this week, or should I say, levels are held and its now going back, I feel may double my small holding this week.
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So what may happen next week? On Friday night, US Li stocks were in green, moderate though. So we can start with a smile, and then Chinese stocks will provide direction.
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Here is the Figures for the Week:.
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