Pistelero,
The problem is the lithium market is shorted.
Pilbara shorts increased 1.59% in a week.
Now 22% of the entire capital is shorted.
Core, up 0.83% on a week, to 12.18%
Sayona, up 0.91% on a week, to 9.76%
No lithium stocks will rise much with the sector heavily shorted.
So Rdn down, is not because it rose to much, like some think.
If shorts continue to grow, Rdn, pls, cxo, sya etc, may drop more.
But the moment pilbara, cxo, sya rise, there will be a scramble as shorts need to be unwound.
Shorting a sector is a bit nasty.
Daily Discussion, page-3785
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