...This illustrative Table on lithium stocks show what difference it makes to exit just when the 'story' starts to sag, rather than holding for longer.
....it clearly shows that when stocks have provided incredible returns over a short period of time, it is a fallacy to believe that the longer you wait, that incredible returns would become more incredible. That may be the case for stocks with low market caps that have yet to reflect full potential valuation, but not for larger cap stocks when valuation growth depends on everything else (commodity price, market, capex, opex, growth, operations etc) going right.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 0 27 Dec 21 10 Oct 22 Chg% 27 Dec 21 10 Oct 22 Chg% 1 ALB[/B] $ 233.77 $ 237.47 1.6% SQM $ 50.43 $ 82.64 63.9% 2 10 Oct 22 24 Jul 23 10 Oct 22 24 Jul 23 3 $ 237.47 $ 208.05 -12.4% $ 82.64 $ 74.61 -9.7% 4 24 Jul 23 24 Jan 24 24 Jul 23 24 Jan 24 5 $ 208.05 $ 121.69 -41.5% $ 74.61 $ 48.76 -34.6% 6 27 Dec 21 24 Jan 24 -47.9% 27 Dec 21 24 Jan 24 -3.3% 7 27 Dec 21 10 Oct 22 Chg% 27 Dec 21 10 Oct 22 Chg% 8 PLS[/B] $ 3.20 $ 4.69 46.6% AKE/LTM $ 10.40 $ 14.56 40.0% 9 10 Oct 22 24 Jul 23 10 Oct 22 24 Jul 23 10 $ 4.69 $ 4.95 5.5% $ 14.56 $ 15.20 4.4% 11 24 Jul 23 25 Jan 24 24 Jul 23 25 Jan 24 12 $ 4.95 $ 3.53 -28.7% $ 15.20 $ 8.20 -46.1% 13 27 Dec 21 25 Jan 24 10.3% 27 Dec 21 25 Jan 24 -21.2% 14 27 Dec 21 10 Oct 22 Chg% 27 Dec 21 10 Oct 22 Chg% 15 LTR[/B] $ 1.66 $ 1.635 -1.5% CXO $ 0.580 $ 1.140 96.6% 16 10 Oct 22 24 Jul 23 10 Oct 22 24 Jul 23 17 $ 1.635 $ 2.75 68.2% $ 1.140 $ 0.700 -38.6% 18 24 Jul 23 25 Jan 24 24 Jul 23 25 Jan 24 19 $ 2.75 $ 0.92 -66.5% $ 0.700 $ 0.185 -73.6% 20 27 Dec 21 25 Jan 24 -44.6% 27 Dec 21 25 Jan 24 -68.1%
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