"the reversal is going to be swift and brutal'
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Wont happen like that as we are 3/4/5 yrs away from any boom for E/Vs imo
Now we get Tesla today, trying to find ways to get their promised $35,000 Tesla Model 3 to the Market place.
https://edition.cnn.com/2019/01/18/business/tesla-layoffs-elon-musk/index.html
( Tesla share price down 13%)
The longer it takes all Car Companies to get to parity for prices between ICEs and EVs the longer we wait for proper increased Lithium demand.
Taking that into account and the fact that SDV is 3(/4) yrs away then the GXY S/P wont spike anytime soon. imo
The only true mover for the Share price of GXY atm is SDV moving into Production.
Not going to happen tomorrow
The shorts hold the whip hand atm
Good luck all
Md
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