It was on the cards..i mean the rise to 80c was fantastic and deserved especially when you look at how we had risen on quite a few red days. Ironically volume over last week has lifted considerably and this can only mean many getting on board. Retail, insto's or even M&A. Who knows!
In four weeks we have gone from mid 50c to 80c , that's a 60% increase, passing our IPO price again at 70c. Profit taking was on the cards.
The Li sector hasn't been smashed and no reason for it to be currently with spod price rising from low's but many Li stocks rose up sharply and are falling slowly as day by day profits are taken.
Medium to long it still in great shape, should hold this 70c range and with Simon in China, DSO on way were sitting good I believe
Big thing is with these falls over the sector happening which other Li stock do I diversify into with some pocket change I have..
DYOR
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