Post by
medford on Mar 16, 2023 10:50pm
Dumping
I see the Aussies continue to dump, high volume. I don't feel so bad selling at 16 cents.
Comment by
heiworm392HFF on Mar 17, 2023 9:02am
If you sold at .16 cents, bought at .09 cents today, and waited 2 lyears for it to hit .16 again, that would be 77% return in 2 years. Yeah, you did good.
Comment by
medford on Mar 17, 2023 10:20am
I don't think this disaster will see 16 cents again, sorry. Very sad to see all that investment sitting on the Idaho mountaintop but i'm sure there is already a 'plan of arrangement' being hammered out.
Comment by
heiworm392HFF on Mar 17, 2023 11:07am
Yeah, probably smart. LFP penetration is rising very rapidly and will be just under 40% by next year. We know Ford has that new factory, and GM is following as well. One has to ask... why is everyone dumping so aggressively? Well, the market thinks the environment will continue to worsen.