Well said.
Given the buy side has thinned out to its lowest level for more than 12 months, I dare say the short term is looking very bleak. We are one of the few Li stocks trading at or below 52 week lows and getting weaker.
Maybe time to take some medicine and wait for this period of instability to pass by. It looks like we are still a fair way away from any blue sky (in the share price).
We have shot most of our bullets and they have been blanks. The only one left is the canon shot - the SDV announcement. The smart money is taking the position that this won't be anything we will hear about in the short term, so they just keep selling.
I have to admit, I too have taken some money off the table as I am back to capital preservation mode. This is looking as sick as I have seen it. I'm glad I bought some other stocks to counter this atrocity.
It's no longer time for good luck, but time to start praying!!!
GXY Price at posting:
$1.83 Sentiment: None Disclosure: Held