RE:RE:RE:"Higher for longer" or until it all breaks! cwDeici wrote: I also bought ASTS recently lol, while it was at 6.35 (unfortunately it ripped north and I had to buy gradually higher at around 8, 10 and 11).
Florence is done so Taseko is a buy now, tho Imma stick with my 2022-23 lithium producers.
Well. Good for you! I am down nearly 25% overall from the highs, and I have had a lot in cash. These are tough times, and tough times seem to be on the horizon. Biden is depleting the strategic oil reserve in order to drive down gas prices prior to the election, but that cannot continue. The Fed knows this and will continue to raise rates--too late, too fast. So recession in the US and China is on the horizon. I have no idea how all this is going to turn out. This could be the bottom, where doom and gloom is highest, or there could be more to come.
I don't know, and there are people who are a lot smarter than me making contractory claims. Generally speaking, the people who overthink things--too fearful andd too greedy, are the ones that lose. But those people usually think they are the reasonable ones.
All that to say. I got no clue. Glad you guessed right.