GXY 0.00% $5.28 galaxy resources limited

Keep in mind that lithium stocks are in a boom and at some stage...

  1. 3,795 Posts.
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    Keep in mind that lithium stocks are in a boom and at some stage that boom will turn towards bust as the lithium market at some stage will turn from under to potentially over supply. You have chosen a fantastic time to buy, but at some stage you should probably be looking to sell as well so keep that in mind.

    The time to sell will potentially be when all these new mines come on board supplying lithium which will put pressure on price or when the GXY price moves way ahead of it's fair value.

    I would ignore the little declines and flat spots in price if you are confident that long term the share is trending up and the fundamentals are strong. Personally I think the potential for EV's is huge plus I love the potential of SDV.

    So there will be a time to sell, but I don't think that time will be for quite some time imo.
 
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