Xhosa12345
Regular
I'm not worried by the health of the company. Just pointing out what triggers shorters. If they see negative sentiment on a sector or an article, they try using retail shareholder fears to short the whole sector or renew their efforts if they already are shorting a stock.
Goldman Sachs analyst wrote an incorrect analysis stating they believed Lithium was going to be in oversupply in 2023 not under in late May. Every EV raw material stock, not just lithium stocks dropped by >15% in the next 3 weeks regardless of their P and L or cashflow until BenchMark Minerals Intelligence CEO could get his article out to the broader investment community pointing out the error in Goldman Sachs ways. GS has more reach than BMI inside the general investment community so it took a while. Shorters had a field day for a few weeks.
As long as there is demand for the product or service, and no need for funding, the sp can only drop so low
Agree fear drives a lot though.... its frustrating.