AKE
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0.00% $9.83 allkem limited

Allkem General Discussion, page-533

  1. yanlin
    6,228 Posts.
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    03/02/22
    11:05
    Post #: 59324303
    Can someone explain how AKE is down 4% this morning when other big resource stocks (BHP, RIO, FMG) are up c. 2% and the fundamentals for lithium have never been higher (and IO outlook is looking subdued at best)?
    We read a stream of broker upgrades and positive reports, yet we are 22.7% off our recent highs. How does that happen?
    Is it macro of micro driving the stock price?
    The fundamentals couldn't be better, the outlook couldn't be brighter yet we are seeing a consistent level of selling...... go figure!!
    AKE Price at posting: $9.28 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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