Not sure what you're on about? It's just how a market works. Lithium is a type of commodity (specialty chemical) and it's just behaving as we fully expect it to. Up and down. All lithium stocks are down over the past six months or so from the biggest in Albermarle (down 60 per cent) to the smallest in SBR. You need to stop over thinking it. It’s the lithium price and market right now. Nothing to do with SBR. Shave off your exotic facial hair, stop playing with your fidget spinners, and change out of your flamboyant costumes as this is the time where real money is made.
Smart people use these times to position themselves. It’s during these times that fortunes are made. You don't make fortunes in bull-markets, you make them in bear markets where you can buy very cheaply and build yourself a meaningful stake in the business. You're clearly new to investing but if I can give you one piece of advice it is 'patience'. You must have heard the old Warren Buffet aphorism "buy when others are fearful, sell when others are greedy"? This is your big chance to live the advice from Buffet.
Don't sweat the day-to-day market moves, just relax and buy more. Pour yourself a glass of Montrachet. It doesn't matter if today's price is 3 cents as the amount of lithium rock in the ground hasn't changed since yesterday. It's all still there. Your posts are no more than a dead weight on those with vision and animal spirits, so use this opportunity to dust up your reputation. Become an animal. There's no point in reaching down into the low social entrails and trying to score a point or two that the stock price has fallen today as most of us are using this chance to improve our holdings. We're immune to your rhetoric.
The lithium price is now at or below the marginal cost of production so you should expect the price to turn in coming weeks or months. Don't waste the opportunity as it won't last forever and probably not much longer. The market is the collective wisdom of 20 million fools. I'm always looking to bet against the market and you're looking as one of the fools.
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1.4¢ | 447575 | 2 |
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1 | 34999 | 0.013 |
3 | 502203 | 0.012 |
4 | 495573 | 0.011 |
3 | 422818 | 0.010 |
1 | 230000 | 0.009 |
Price($) | Vol. | No. |
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0.014 | 447575 | 2 |
0.015 | 53804 | 2 |
0.017 | 19500 | 1 |
0.018 | 187001 | 1 |
0.020 | 105442 | 3 |
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