Lithium markets today seem quite poopy to say the least. The commsec heatmap for materials today... like the previous days of the week is a nice bright red.
Basically I feel the backwards creep is the short term people getting impatient cause it didn't go up 20% this month and having a punt on a gold mine. What I've been noticing is the big % gainers of 1 day are oddly usually the big % losers in a day or 2 with a lot of classic pump and dump action. It's also temping to sell up... see a 10% drop and buy back in... the down side is good news and price rockets usually hit suddenly.
TBO some of the other lithium plays that are not in production I feel are still way overpriced.
The aim of this investing is for us to make money from revenue... not from swapping profits and losses from each other and I feel GXY will deliver well in this regard.
GXY Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
