...here's a 'word of wisdom' from Michael Burry on why he would sell a stock if it makes a new 52 week low, rather than be buying or topping up.
...lithium hodlers ought to pay heed, hitting a 52 week low isn't because the market is dumb, OR shorters to blame, it is because the forward outlook is dire and excess valuations need to be marked down to reflect revised fundamentals.
....I have my own piece of 2c worth:
NO DENIAL NO PROCRASTINATION. ....for some, you left it too late to decide. That's why I tried to warn several months in advance. But I think you ain't seen nothing yet.
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Michael Burry on why he sells a stock if it makes a new 52-week low:
https://x.com/patientinvestt/status/1803453244716310740
