All lithium stocks rise together. There may be rivalry between forums and which lithium stock is better and where you should put your money in etc, but its just a waste of time.
At the end of the day we are all kind of interlocked in a way.
It starts with the LIT ETF. That needs to rise again in a bullish state. Been absolutely smashed
Then the big dogs start rising like MIN, ORE, GXY etc
Then the smaller stocks like PLS, KDR
Then the even smaller ones like AJM, AGY etc
Then AVZ rises followed by LPD and all those smaller stocks.
They all follow eachother. One cant be higher than the other, there's always that biffer zone between. Like PLS cant be $1 and KDR be $1. If PLS gets to $1 KDR will be close to $2.
Same with AVZ and AJM. AVZ and AJM cants be both 20c. If AVZ is 20 cents I bet you AJM will be 40cents
Nothing's gonna happen until the catalyst of them all starts moving. LIT ETF
I always think to myself that for us to be 20 cents, AJM, AGY needs to be close to 40cents, PLS needs to be in the $1 mark, KDR towards $2, GXY in the $3s etc
Thats just general sentiment.
Obviously announcements etc can change that all, but 9 times out of 10, an announcement might give the share price that initial boost but eventually it will go back down to that buffer zone again with other lithium shares
Just my thoughts. Probably wrong but ah well, thats what an opinion based forum is for
AVZ Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
