it was only 5 and a half months ago when Goldman Sachs came out and said the lithium price was gonna crash, what happened? There was no crash. In fact, lithium price has INCREASED 37% since their doomsday prediction less than 6 months ago! They got it dead wrong.
What they got right was their anticipated market reaction to their bogus prediction. Lithium got heavily sold off, CXO went from $1.40 to $1.09 in one day, and would end up going to as low as 82c in just 3 weeks. You better believe Goldman was buying during this sell off which they instigated. They cashed in big, and are looking to play the same game again this time around.
They want your shares. Don’t give them any.
IMO
GLTAH
CXO Price at posting:
$1.57 Sentiment: Buy Disclosure: Held
(20min delay)