Yes the credit raise i guess some people didnt see coming, however, even if there wasnt a CR, the share price most likely wldve pulled back anyway. Folks or sheep that merely buy in on the hype always run the risk of getting seriously burnt when there is a big pullback. The ones that got out early after the big rise are grazing somewhere else most likely, PIM for example. Additionally to the natural pull back is todays RBA's decision to increase interest rates again, ASX didnt like it.
I think in this environment once inflation peaks and starts coming down, slowly albeit, confidence will be restored to the market, even on a global sense, and a bull market will commence,,again. Keeping money aside is very important right now and keeping your powder dry, because whether its this year or next, when the market turns as it always does after a recession, good quality stocks and stocks in REE and lithium hopefully will go on a tear as they will be the places to have investments in. In other words the process of averaging down will be quite rewarding for the next climb up.
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