I think the shorters have been spot on with ORE. There's a reason why it's been in the top 5 most shorted stocks on the ASX for over a year, and now we're seeing it.
Unfortunately I ignored this. I also ignored the warnings of global lithium oversupply and sharp falls in global lithium prices. So I jumped in at $3.50! This stock is a falling knife. With the release on Friday of 1H 2019 results, I think the price has further to fall. So I'm considering selling out and wearing the loss.
But i haven't been able to click the sell button yet!
ORE Price at posting:
$2.94 Sentiment: Hold Disclosure: Held