PLS and most leading Li were down today while CXO added 2.2%.
Most noticeably yesterday, CXO beat PLS > 2%.. That's two days in a row and very rare perhaps for the first time in a year.
Why?
Here's the thing that I said in my previous posts, I'm sure I did more than once.
The gap (or daily movements) between PLS and CXO will come much closer once CXO gets to near production stage or beyond..
PLS has made $1b in less than a year due to high flying Li prices.
I always like PLS so definitely not down ramping here..
However, if I held any PLS - from this point, I would start switching over (all or some) CXO for bigger profits.
Thats exactly how I'm looking at the future of $16b (PLS) vs $2.9b (CXO)..
AIMO.
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