...this is so apt for the entire lithium sector especially for lithium hodlers who plan to ride it out.
“
In cyclicals, a period of silly prices is followed by a period of sobriety.” “You can't go to sleep holding cyclical stocks for a decade and expect to be richly rewarded."- Peter Lynch
....can you see the large X-mas tree formation charts in this?
Last cycle wasn’t too different.. and there’ll no doubt be another.. wild
https://x.com/respeculator/status/1804362120295006508....and this
https://x.com/RealStevenFat1/status/1804399620245856654...prepare for a protracted lithium winter hibernation (at least 1-2 years, maybe up to 4).
...IMO you are better off buying gold stocks than lithium stocks. Now it is just stale bulls trying to prop up their stock prices, doubling down/averaging down and entice newbies to buy 'cheap'.
...cheap is cheap for a reason (or many reasons), lithium stocks could make a short rebound and FOMO buyers will be thinking it has bottomed, because it did in the recent past.
...and quoting local investment expert, Elio D'Amato
"
If you pick bottoms, you may get smelly fingers"
Understand the cycles and where lithium is at. Investors stuck in lithium stocks may have little choice as they don't want to assume losses or a lower gain, but new investors have a choice to sidestep the sector.
