…why some lithium hodlers think their lithium stock is better than another lithium stock.
…they’re all in the same lithium sector, if one has managed to hold up better than others, it would only mean they have further downside to catch up to the others.,
…stocks fall to where their valuations align with their revised fundamentals, percentage comparison with other lithium stocks make no real sense ; those who say PLS and LTR should not move as much lower relative to other lithium peers should also acknowledge that their valuations are also substantially higher.
…US lithium stocks have been able to move lower in percentage terms relative to ASX peers because in US, market participants have better choices. On ASX, we seem to be devoid of strong sectoral choices other than resources and banks.
…LRS has declined -35pc the past month alone, those which held ground finally cave in and when they do, it tends to be fast and furious.
…Because what held up some lithium stocks have been FAITH not outlook and once broken, they fall off the cliff.
