What do you mean who am I using on the deflating side? Trading? Taking pips?
IMO, the bubble topped out about 6 weeks ago. The major new hard rock players (NMT, GXY/GMM, PLS, AJM) will go on to live or die on their own merits, and be valued on future earnings potential, not the potential IGV of the resource. The insto funds now needed to make these stocks move will likely understand that, and adjudicate accordingly. I think speculators are too spent already with the hype to move the big players up a lot by themselves.
So IMO, the silliness is over. No one is going to announce something like there are heaps of pegmatites around Broken Hill, and a couple of HC serial rampers get to glue themselves to it for a running spike. I am noticing now that junior stocks announcing lithium related new news are either being bid up and then fall at open, or not running at all. For example, look at ZCN this morning. Announced new ground in the same fertile pegmatite field where KDR and WSA have recorded some great hits, but the punters have only moved it 10% this morning. That wouldn't have happened before. And it probably sits as a buy coming into drilling (IMO). And speaking of KDR, it got its hits after the top of the bubble and still packed on some healthy tens of millions to the market cap. This is because this news is not fluff, it has real potential to look like the established peers. So those reasons help sum up why I think punters need to be more discerning now than they were a few months ago. But I don't cast any assessment on any particular stocks here.
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