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CyberShade

275 Posts.

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17/08/23

10:36

Post #: 69389888
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Originally posted by badatoc641: ↑

@mondyinvest if you were me (an idiot) and took a large holding on Galan and are currently over 50% down (I know you wouldn't do this because you're smart, unlike me), would you sell now? Or do you feel like it's better to wait until the storm clouds clear and avoid potentially selling on the brink of what could be a sentiment hole / capitulation moment?

I struggle to find investing mentors and it feels like I constantly make the wrong decision so please can you share your thought process with deciding when to sell?

Reasons to hold
- DFS 2 shows good numbers
- Potential offtake / joint venture announcement
- Possibility of export permit
- Possibility of new government being more supportive of lithium industry
- MRE upgrade (although market probably won't care)

Reasons to sell
- No funding for phase 1 opex or future phases. Snowball effect of increased dilution during capital raise. Shorts increasing to capitalise on this
- No love for brine
- No love for chloride approach
- Economic instability in Argentina getting out of control (impacting sentiment)

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If you were of the mindset that you want to get out, you would at least wait for a recovery or 'dead cat' bounce.

Also messages like yours are a pretty clear capitulation signal. That panic you feel is the sensation that is driving this selling at the moment.

Is it good to sell in a panic?

Anyway, Mondy or myself or anyone can't give financial advice.

NFA

GLN Price at posting: 66.0¢ Sentiment: Buy Disclosure: Held
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