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 +$1.80/s
52 weeks low around 62c/s
So where to from here?
I am a simple investor but anyone in HC will tell you the trend is your friend; I hate to admit that but, yes unless you have very deep pockets it would be foolish (IMHO) to try to catch a falling knife - I like Li stocks because of their promising future which is yet to be realised - except we are not on the company's payroll with 7 figure salaries and stock options and performance rights options etc.
And in absence of dividends my take is this Co is: it could go as low as mid to low 30c before things stabilize again and we may see more bull runs and pump and dump. So I am watching this co with interest to find a position with minimum down side - if I am wrong it would be my loss. Because when the market finds instos can milk the stock successfully once will keep doing it, until people like you and I are out of this co altogether.
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Some simple observations:CORE LITHIUM is the most shorted stock...
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Open | High | Low | Value | Volume |
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---|---|---|
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23 | 951238 | 0.090 |
11 | 415998 | 0.089 |
9 | 663755 | 0.088 |
10 | 604645 | 0.087 |
7 | 761733 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.091 | 215555 | 8 |
0.092 | 1628393 | 11 |
0.093 | 590547 | 6 |
0.094 | 249219 | 5 |
0.095 | 363400 | 8 |
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