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50.5¢ leo lithium limited

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intelseb

3,440 Posts.

186

14/07/22

12:50

Post #: 62534463
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Originally posted by vfhnbhjvhggh: ↑

I feel uncomfortable seeing a broad PM rally on the ASX when USA CPI is at 9.1%, and Aus unemployment at a record low. These are terrible precedents, historically. Price of oil and gas down a lot, rumour has it China will relax coal ban on Aus imports hence those companies are rallying hard. Are these bullish indicators? I used to think individual stocks perform based mostly on internal metrics, but the last few years have shown sentiment of external factors beyond a company’s control play the bigger part. Seems to be a recent phenomena. I’d rather see a positive SP, but why are these fickle narratives driving LLLs direction?

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There is alot of belief that these figures etc are leaked way in advance and the markets have already priced things in, I do admit it is suprising to see green today, maybe the tide is turning.

LLL Price at posting: 37.5¢ Sentiment: Hold Disclosure: Held
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