Many reasons. Of the top of my head
1. The majority lose. SYA was still bloated with happy clappers. This is why this was on the short list. Only this month have they turned to angry booers (see Wall St cheat sheet image below).
2. Yield and interest rates began to give a better risk adjusted return so no need to take the risk here. This puts pressure on stocks.
3. Trend change to down. Major trends don't shift without the big money creating the trend change. Big money knows more than the happy clappers (despite what they think). aka..follow the money.
4. EV rah rah. Yes..i get it...we've 2 EVs at home. But much of this future demand at high lithium pricing was priced in. Lithium price falls......trouble. Even Elon Musk said a couple of months ago that EV sales were under pressure. Nobody here listened. Why not...because they know best..lololol.
5. After a stock has gone up 1000%, profits look enticing. Fingers begin the hover over the sell button. Only the greedy and naive demand even more. The low risk entry is at the beginning of a trend.
Wall St Cheet Sheet below....look familiar? (SYA ..why?...the game is all about reading fear and greed...this is how you make the big money and don't end up like one of the muppet rampers here)
SYA
sayona mining limited
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14.3%
!
1.6¢

Beware of the Gaps at 3.3c and 1.4c!, page-185
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Last
1.6¢ |
Change
0.002(14.3%) |
Mkt cap ! $184.6M |
Open | High | Low | Value | Volume |
1.4¢ | 1.6¢ | 1.4¢ | $664.7K | 43.46M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 3619984 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 15257277 | 54 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1783880 | 0.015 |
113 | 34129878 | 0.014 |
37 | 16344438 | 0.013 |
33 | 13800327 | 0.012 |
20 | 15014368 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 14328216 | 51 |
0.017 | 26810930 | 70 |
0.018 | 24488579 | 78 |
0.019 | 21525479 | 25 |
0.020 | 15977744 | 45 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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SYA (ASX) Chart |