The selling continued today after the negative lead from ROW....

The selling continued today after the negative lead from ROW. ALB & SQM were only down a little overnight but as is normal here in OZ, Lithium stocks here were slammed down double and some. Jittery retail opened the price at 144 which provided an opportunity for bargain hunters to stake their claim and move the price back to 150. The usual mid day beat down began and by close the lows were within range. Lo and behold, at closing auction, almost 2 million shares traded at 1/2 pip higher than market close price.

Tomorrow, a lottery. Price in no mans land. If markets down again overnight, possible excursion below 140 possible. Will the bottom of channel come into play again in the 130 area.

Some perspective. That trading channel is rising at approx. 7.5 cents per month. If the price trades down to the bottom of the channel by months end and then follows the lower trend channel for the rest of the year, the price at new year will be (if still at bottom on channel) approx. 164. If it makes it to the top range of channel price will be approx. in the the party area. (don't mention the party price, I mentioned it once, but I think I got away with it all right)

164 - 200 range by years end. I'd take that any day of the week, if it transpires that way.