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.
- Forums
- ASX - By Stock
- New Re-Entry Price
Some simple observations:CORE LITHIUM is the most shorted stock...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
|
|||||
Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1606055 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.6¢ | 110070 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1606055 | 0.083 |
9 | 552421 | 0.082 |
21 | 1635327 | 0.081 |
74 | 3001090 | 0.080 |
2 | 37659 | 0.079 |
Price($) | Vol. | No. |
---|---|---|
0.086 | 110070 | 6 |
0.087 | 906456 | 10 |
0.088 | 884499 | 10 |
0.089 | 730081 | 6 |
0.090 | 1107191 | 19 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online