Hello. I don’t know enough about the sector to pick one particular stock.
I can see why we might have a mini ‘MM 2.0’ in the lead up to Christmas - trapped holders from last time etc - but.. hmm.. As per my previous post: what’s that driven by?
Indulge me a parallel - When Li 1.0 went ballistic in 2016, it was quite speculative and driven mostly by sentiment. When I was assessing when LiBoom 2.0 (tm) was going to start, I kept my eye on sentiment (the ‘emotion’ of the market is important) but more importantly I was looking carefully at one of the best indicators of an undeniable trend: Demand. And it was (and still is)
everywhere. Huge factories, massive deals, changes to manufacturing practices, reversing entire supply chains to accommodate the shift etc... I won’t bang on about it, you all know what’s been said by me and others.
Re: DoobieBoom 2.0 - what’s driving this? Really? I mean.. are people smoking more..? Is their increased anxiety causing them to turn to pot? And if it’s not individual consumption, then is it: medical applications? Topical creams that cure diseases or conditions? Pet food..? And if that is the case: what is the lead time for these products to get to market? What are the hurdles for approval? How long until the
real money rolls in?
You see the difference? You can buy, register and drive an electric car
now. You can see companies signing JV’s and MoUs, and OTs..
now. You can observe long lead-time mining, men with hard hats driving big yellow trucks digging up lithium...
now. You can see big ponds of brine drying in the sun or pushed into huge piles, ready to sell to international manufacturers..
now. And you can anticipate this shift because of the obvious moves by China, and other large exporters of various modes of transportation who are pushing the demand for raw materials in both manufacturing and consumption..
right now.
So is DoobieBoom 2.0 really a ‘thing’?And if there’s uncertainty answering that... then I’d just stick to the front-runners at the moment (especially if they have strong
joint ventures
and I’d avoid any of the smaller players until the trend is confirmed.
