I hope you've been buying in small parcels. all this fresh capital you have been pouring into the market recently is devaluing in an awful hurry.
I've been prone to buy on the dips. But this time seems to be different. There seems to be a lot of upside across the whole market (not just Li stocks) to come off before anything looks like good value in a recession situation. This seems to be the inference that I draw from the action from the smart money. To be down 6.1%+ (i.e. overall market) with more than 3 hours left for trading is an ominous sign.
We are heading for an absolute shellacking by the time the day is out.
I'm only sorry I didn't sell more stocks recently. I even bought a few back - big mistake.
Keep some powder dry - is all I'll say!!
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