Well, certainly a big sell down.. I thought the results were...

Well, certainly a big sell down.
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I thought the results were fine, announcement was positive. Not sure what the reason for sell off, general markets, Li sector sentiment, the announcement itself, usual buy the rumour sell the fact, or the big chunk of shares which have come on the market bought at very cheap prices. Maybe the last scenario in play.

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Last week I had written I had bought at 42, some buy and sell had moved my average to 41. Today bought more at 35 on open, at 34, 36 and 39. My average now 37. It's sitting around that price now and I feel delicately balanced, could go either way short term. I had written last week the share is not for faint hearted, and it certainly has played out that way. Although I am cautiously optimistic, I would suggest every one to dyor, as there is an element of risk here as big traders are in control of price. All the best.