Just my opinion, but I think it's going to get pumped up and then dumped.
It's been previously smashed by the shorters and the large media groups are running with negative lithium price sedimentsand down with a thud... now 77c.
EDIT ..75c
.
Highlights
• Drilling adds a further 160m strike length to the Leia Pegmatite at Tabba Tabba
• Leia is now more than 2km long, thickening with depth (up to 180m true width), and remains open along strike and at depth
• Drilling ramp up preparation continues, with seven rigs expected on site in the New Year
• Assay results from the first diamond drill holes expected in the coming weeks.
.
lithium , smithium. who wants the stuff? accelerated drilling means accelerated spend.
NH; only 2 days left in Nov comp.
and down with a thud... now 77c.
EDIT ..75c
Sold my pot when it was 0.90 plus. Reenter today..got to go up at least by next week.Big question for tomorrow on the ASX will WC8 climb to newer heights, the ladder, or fall, snakes???
Likewise Rabbito Sold mine at 0.98 and re-entered only to see it drop like the perverbial stone in a pond. Perhaps a choice annoucement would lift WC8 up to the lofty heights again.Sold my pot when it was 0.90 plus. Reenter today..got to go up at least by next week.
, probably a slow decline looking for a consolidation zone.
Pretty much across the lithium board, makes me wonder if it's another pump and dump as the lithium price is still down?Haven't been watching recently but saw today's spike ... Consolidation Zone as anticipated ...
The cat is back on the radar for Traders it seems ...... Not for me, but definitely interesting for the fleet footed.
View attachment 170520
As Always BarneyHaven't been watching recently but saw today's spike ... Consolidation Zone as anticipated ...
The cat is back on the radar for Traders it seems ...... Not for me, but definitely interesting for the fleet footed.
View attachment 170520
The problem with retail brokers is that you can't get in and out fast enough and usually get left to hold the bag. It's like someone mooring above a sand bar at high tide at night during a storm and then the tide goes out the next morning.There is Nothing Wrong with Pump and Dump tactics as long as you know When to Tack
View attachment 170526
Not for me, but definitely interesting for the fleet footed.
It's most likely fund managers kicking it around, I'm glad I got out at 90c.Opened at 54 so there was a chance to get out at B/E small profit from Friday.
Currently down 10% on a wide ranging Inside bar ...... Should hold the line ... Under 47 will look weak.
Traders seem to love it; Further pushing and shoving therefore expected.
View attachment 170673
Me also though I jumped ship in the mid 80s.It's most likely fund managers kicking it around, I'm glad I got out at 90c.
I paid the price with LTR though, I almost sold when I was at break even with LTR but greed got the better of me.Me also though I jumped ship in the mid 80s.
More Lithium discovered at the Tabba Tabba site . 200 holes now been dug there ,since last July. WC8 still has $ 90 + Mill. for drilling .
S.P. down 1 cent on the news to 63 cents.
Zzzzzzzz......
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