one valuable lesson I have learned over the last 12 months or so in regards to stock selection and individual sectors, is to wait for a confirmation of a reversal. At times I thought lithium was over done yet the best lithium stocks always looked strong or rebounded strongly following a fall. So i've continued to diversify across lithium stocks more than I traditionally would have.
I think graphite will have it's time but sometimes it may be better to jump in once a commodity price has proven a reversal/some strength. Rare Earths is similar - controlled by China and currently weak given the huge demand forecast.
A good stock example of waiting for the right time is currently CHN. World class deposit so I want it, and even though it is off its highs and moving sideways at a support level, I won't be putting an order in until I see a confirmation of strength with volume. Id rather pay $6 than $5.8 knowing the likely upside potential is there.
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Mkt cap ! $254.1M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 179243 | 10.0¢ |
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Price($) | Vol. | No. |
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10.5¢ | 862498 | 14 |
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No. | Vol. | Price($) |
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5 | 179243 | 0.100 |
1 | 43826 | 0.099 |
1 | 43826 | 0.098 |
4 | 161583 | 0.097 |
1 | 5498 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 862498 | 14 |
0.110 | 1085194 | 17 |
0.115 | 1087986 | 14 |
0.120 | 2504965 | 12 |
0.125 | 951413 | 5 |
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