RE:What?Wayahlife wrote: Am I missing out on important information? Why is there such a significant loss in today's trading?
There has been a consistent slide in all EV related stocks (i.e. lithium, cobalt) over the past several weeks. I suspect the speculative hype is dying down and investors are looking at where they really want to invest their money. The same is happenning in the cannabis sector with most MJ related stocks down considerably over just the past 2 weeks. Money is being moved into energy stocks and other beaten down sectors (eg. aviation) with the price of oil recovering and hope for an end to the Covid-19 pandemic in sight.
I sold all my PE awhile back for around $1.90. I missed future stock price increases but I wasn't greedy and felt that PE's lofty stock price wasn't sustainable. I am still waiting for a good point to buy back in and I believe it is sub $1. Just my opinion of course.