A strong play where many others are jittery..Yes WC8 gained 2.5c...

A strong play where many others are jittery.

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Yes WC8 gained 2.5c to finish on 72c, on a slightly lower volume of just over 6m shares traded.

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So how are we doing? I thought we did really well this week. I am playing with a decent number of Li stocks, and WC8 finished somewhere in the middle of trading range of this week, where many others were not able to do so. So still looking good, strong, but what will take it to next level - macro Li or some news about us? My gut feeling is macro Li - how Li stocks are moving. Reason being, which I have also written few times, WC8 strength is known. Any new drilling results, are just confirmation of that strength, it doesn't provide ammo for next leg. So we need macro Li to do well, which will take us to next level.

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So what was good and bad this week? We held 63, I felt not going below my last number 62 which I used to talk a lot, was very positive. So what was not good? From my previous posts few months back, I had often lamented how it failed to reach 80. It did that again this week. Returned from 79.5. Hopefully next time. Hopefully soon.

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So what may happen next week? A return to previous glory, first 85, then 101. But I feel it may need help of Li macro. This week ALB raise triggerd a pullback, testing of lower level. Spot price is still holding strong, and if it continues, one day Li stocks may have a big jump. ALB, which I track, it needs to get over 128. It needs to get to 140s. If that happens, Li punters will latch to it, and we may see new highs of this reversal from 101. Will that happen? Let's hope so. Enjoy your weekend and all the best.