Another day of decline. Yes, we lost 3c to finish on 54c. Our...

Another day of decline
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Yes, we lost 3c to finish on 54c. Our volume was decent, around 5.7m shares traded.

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ASX lithium stocks got another drubbing today. Of 28 stocks I track, average decline was 5%. Second consecutive day of 5% decline. We lost 5.26%, right on average.

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The lithium macro has taken control of li stocks. Looks like a correction. At this stage nothing much can be done and wait for this phase to be over.

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I bought today at 53.5c. Bought a few others as well. Kept half the cash for tomorrow, in case there is further fall before we bottom out.

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What next - At this stage market is looking weak for li. Tomorrow is crucial, it will determine if fall is going to be very big, or after the drop punters find it cheap and start buying up. Usually I find third day to be crucial, let's hope we see a turn around. All the best. .