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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Last
9.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $198.7M |
Open | High | Low | Value | Volume |
9.3¢ | 9.4¢ | 9.2¢ | $324.1K | 3.491M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1310595 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 69687 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1310595 | 0.092 |
26 | 1327527 | 0.091 |
65 | 3896926 | 0.090 |
15 | 1047658 | 0.089 |
19 | 1087728 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 69687 | 5 |
0.094 | 450000 | 2 |
0.095 | 110453 | 6 |
0.096 | 444140 | 11 |
0.097 | 1191342 | 7 |
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