posted on
Jan 03, 2023 03:23PM


Message: Drop.
At this point, the only way this valuation makes any sense is by discounting more TP legal issues (a negative ruling), continued decline in Lithium prices from the peak, a longer than expected period of time it will take to get Cauchari up, and to turn a profit, and very heavily impacted EV growth numbers from a deeper than expected recession. The truth is you never know what is baked into expectations until hindsight provides clarity. I'm sure the 13% Tesla drop didn't help us.
RSI from what I can tell hasn't been this oversold since around the covid dip.
I couldn't imagine selling any shares at this point even if TP faces major delays, and with at least a 50/50 chance of a positive ruling, my mind is at a loss to comprehend who would possibly be selling now.
Good luck everyone, and happy new year!
Elithx
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