Well my 2c worth. Generally on the lithium sector. everything ran hard ..this stock went from 4c to almost $2. That sort of performance won't happen again, it'll be slow grind if lithium does pick up again.
a lot of that was fomo; people jumping in cause they saw how hard these stocks were running and wanted a piece of the action. Now that most of those late comers have been pole-axed they'll be reluctant to invest in this sector in the future..
the old adage about taxi drivers..when 1 of them tells you to buy..it's time to sell. Implying they hear the general vibe of the population..and that when many are jumping in for a piece of the action (on whatever has been hot / running hard ) it's already over bought / over priced.
CXO Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
