Correct, it is just a short term downtrend, if it was just a pullback I would be more interested.
Of course, if your a holder or investor in this company, getting in here anywhere is a good idea based on the connection with Tesla.
Right now, I'm just swing trading so I'm a little cautious at this moment but I have my ear to the tracks for the next bit of news.
Where the Li news has dried up lately, I think a lot of Li stocks will pop on the next good PR.
I have a couple of positions in other lithium plays ( LIX.V and SIE.V which are in the same area as PE )and I've got a bid in for another play so I can't get in this again until I get out of some other stocks and feee up some trading $$$.
I just signed up on their website for news because these guys I think are one of the leaders especially with their large land holdings and being in the deeper part of the basin. Who knows, maybe a company rep will contact me with info like another company did recently.
When PE ( PEMIF ) moves, others will too, but I think PE will be a first mover based on what I can see.
...waiting on pins and needles and hope I'm in the right spot when news comes out...
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