IMO the biggest influence on the market is sentiment
So we have SQM to double supply - Ooo-er!;
Some pundits speculate that Lithium will be in over supply - OMG!
Some peeps panic sell/lock in profits = big red day - Hells Bells!
Then another day and another - Holy F#*$!
Compound this with the time of year disruptions and Bingo, you get serious jitters ie negative sentiment - hence more big red days.
However, just you look at the FA of the sector as a whole and PLS specifically, nowt has changed, Lithium prospects are still excellent.
So once the sentiment returns to positive (soon I expect/hope) then the bounce will happen.
I think it is worth noting too, as pointed out by other posters here, that until PLS is in full production we can expect further doses of the jitters and sideways trading.
As stated, all IMO and DYOR etc - I am holding despite having a mild case of the shakes!!!!!!
And Good health and prosperity to all for a Happy New Year
January Tea Leaf Musings !, page-226
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Last
$2.67 |
Change
-0.010(0.37%) |
Mkt cap ! $8.040B |
Open | High | Low | Value | Volume |
$2.64 | $2.72 | $2.63 | $51.42M | 18.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 28879 | $2.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.68 | 287620 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 28879 | 2.660 |
6 | 65770 | 2.650 |
33 | 895597 | 2.640 |
38 | 465612 | 2.630 |
29 | 79490 | 2.620 |
Price($) | Vol. | No. |
---|---|---|
2.680 | 287620 | 11 |
2.690 | 852830 | 8 |
2.700 | 336022 | 8 |
2.710 | 64200 | 7 |
2.720 | 227708 | 8 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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