That would cut it perfectly well if Semi Comductors sold off strongly into close.. However they largely closed near daily highs…
I would say BRN sold off today because of mainly point 1 below. As you say Blind Freddy could see points 2,3,&4:
1. People buying in recently at the 68-70c inflection level had made 20% in 2-3 trading days which is brilliant for this market in that sector for a stock that’s 70% down from all time highs.
2. Shorters covering into the potential news event we’re a large part of the wave of buying
3. On a day of hype and expectation at CES during our market hours, there was no ground breaking news moving presentations that highlighted BRN in any way shape or form.
4. 2025 earliest for OEMs to start selling these cars. Might as well buy DEG who will start selling gold in 2025. At least the PMs sector is rising.
(candy for you Wilzy, our resident hater)