Just cycles of the trade, all at different stages, someone mentioned similar on the MZN thread, I posted this (grey text).
Long term lithium is well under supplied and demand is very extensive. But as I note towards the end of the below write up, doesn't really matter what the demand is if the mining Co's don't show results of anything decent.
I think it's just trading cycles, without knowing enough more on all the fundamentals of each of the Lithium stocks, just going off the charts. Traders will always look for the best stock to make the most gains in the short term, neither PLS nor KDR can provide that on the very short term. But KDR is the better of the two, PLS looks like it's in free fall just on the chart and not looking like it will reverse anytime soon just yet, not enough to make it worthwhile, as in not going to double your money in a short time frame on PLS.
...Each stock is relative to itself and at different stages in their trading cycles and stages as a business, so with the right catalysts other stocks like KSN, KDR, MZN, CXO can and will push higher regardless of PLS. That's where one needs to look into fundamentals deeper to understand catalyst reasons for each stock moving up or down or potential for either way.
Lithium future is extremely bullish on the long run and is just at the start, but my charts above are purely from a short-mid term trading trend view. There will some who will buy KDR or PLS at this level to go Long, so depends on your investment/trading strategy.
The Lithium boom is just starting, from 2020 electric cars will start becoming the norm and replacing diesel cars, both BMW and Mercedes have come out to say this.
China's demand for lithium is substantially more than what is reported, given the limited ability for outsiders to actually get any information out of China, but a number of contacts have visited over there for the Automotive industry and EV's are heating up big time in China.
India as well is one that isn't talked about enough, just mobile phones alone for their billion population will outstrip current supply of lithium and add in EV's to their growing market.
That said, all of that is great but if stocks like MZN or KSN don't show results of decent lithium findings it doesn't matter what demand there is for lithium.
Market will always pay up for decent findings and results regardless of what is happening to others, in fact if MZN produce anything decent in their field work can bet a good amount of profit takers from KDR and CXO will be looking for the next runner.
I've not hidden the fact I've been shifting profits from KDR over to MZN for weeks now since it was 1.2c and I suspect a good number of others are doing the same and likely will find more jumping on given KDR's current drop.
Remember MZN has more land around all of the bigger players like KDR and GXY, higher risk at the moment but I've so far more than doubled my money on MZN given my first entry at 1c and I'm expecting it to multi-bag (granted the results must be good obviously, but why shouldn't they given what KDR has proved is there).
All my opinion not advice in any way, always do your own research.
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