CXO 0.55% 9.1¢ core lithium ltd

Some simple observations:CORE LITHIUM is the most shorted stock...

  1. 190 Posts.
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    Some simple observations:

    CORE LITHIUM is the most shorted stock on the ASX (Fact)
    For more than a decade the stock was trading below 25c/s
    It had a bull-run in 2022 for couple of years and hit +$1.80/s
    52 weeks low around 62c/s

    So where to from here?

    I am a simple investor but anyone in HC will tell you the trend is your friend; I hate to admit that but, yes unless you have very deep pockets it would be foolish (IMHO) to try to catch a falling knife - I like Li stocks because of their promising future which is yet to be realised - except we are not on the company's payroll with 7 figure salaries and stock options and performance rights options etc.

    And in absence of dividends my take is this Co is: it could go as low as mid to low 30c before things stabilize again and we may see more bull runs and pump and dump. So I am watching this co with interest to find a position with minimum down side - if I am wrong it would be my loss. Because when the market finds instos can milk the stock successfully once will keep doing it, until people like you and I are out of this co altogether.


 
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Last
9.1¢
Change
-0.001(0.55%)
Mkt cap ! $194.4M
Open High Low Value Volume
9.1¢ 9.3¢ 9.0¢ $1.278M 13.99M

Buyers (Bids)

No. Vol. Price($)
23 938929 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.1¢ 206284 8
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Last trade - 13.29pm 05/07/2024 (20 minute delay) ?
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