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.
Banter and general comments, page-35883
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
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| CXO (ASX) Chart |