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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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