WRONG, about "they always go down"...
I've seen many BB companies trade very well in the long term.
This one may be currently overvalued, but it is early to foresee what is the real potential that the company will have in 6 to 18 months, which is normally what the stock market anticipates.
If your investing strategy is to just buy companies with low P/E, well, that is a completely different style to what these exciting start-ups offer.
Gladly not all investors are made to discover diamonds in the rough.
I let you play boring "well valued" stocks while i surf the wining wave of LEXG.
If your sole reasoning is that if 2 lithium plays failed, LEXG will follow... well... thanks for the great due diligence! but it takes me a minute to find an argument to prove that some lithium companies are doing very well...
Australian Lithium Producer Reporting Strong Sales
2011-04-20 14:54:49-04
Talison Lithium Ltd. reported a quarterly sales increase of 74 percent, resulting from strong demand from customers for lithium concentrate and the increased production capacity at the Greenbushes Lithium Operations following completion of the Stage 1 expansion in December 2010.
AND TRUST ME, Talison, at some point, and not too long (Last September 23) was like LEXG. A start-up that went public through a reverse takeover (RTO) whereby Talison merged with Salares Lithium.
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