RE:RE:TSFA
sheeplesleepers wrote: Not me. In fact, I wouldn't put another nickel into CRE until they
break the news we've all been waiting for. I'll sell when that day (month/year) comes. Until then it's a sharp, falling knife.
Here is one that finally accepts the reality and is protecting his money. Good call since NO MAJOR BUYING is happening!!! This is enough to tell you there is probably more disappointment in the coming months than the NR about the incredible deal CRE management is working on for more than a year now!!!
As I said - stop loss set up at 50c/share to protect my original investment as I expect price either to stay around these levels or to go further down. There is no catalyst to turn the market for now. Also, as I noted in my previous post, NA EV sales will drop as few cars are now eligible and will take until at least Q3 or more for Tesla to start being compliant, for example.
Meanwhile, China will remain the only market and will further push down the LITH prices since there are no other buyers. This still will affect the NA stocks since the industry needs time to adjust and stop looking at thr China's spot prices. My prediction is that by end of Q1'24 CIF spodumene will be below $1K and still no deal from CRE.
Don't try to catch the knife, better lose 20-30c a share on the upside than lose another 50% on the downside..
But hey, what do I know lol already bought back all the shares so I'm a bagholder too