Last time I posted, I mentioned I had bought some at 90. I exited at 88 as it was not looking good. I have bought back at 77, but unfortunately its again not looking great. Most Li stocks I am playing that way. Buying, then exiting on weakness immediately, then buying back after 10/15% drop, and continue this process till hopefully I reach a state where I have shares which I will keep. In the process I am lose 5 to 10% eventually, but that's my way of playing things, managing risk etc, may not be the best, but suits my behaviour. I have written something similar in the weekly report (link below) if anyone is interested. . Another testing week coming up most other Li stocks.
It has been a downward spiral across the board for most Li stocks. Where will it stop? Not sure, no strong indications yet, but lets hope we are near bottom in Li sector sentiment as well as Li macro - spot price etc.
For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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