if you think it's a shell going lower, show some conviction and...

if you think it's a shell going lower, show some conviction and sell and buy back lower if the risk-reward changes for you, rather than relentless commenting on the share price. One of the main reasons spec stocks like this have fallen is because unexpected inflation caused a massive step up in (govt) bond yields i.e. higher discount rate, higher cost of capital, much larger opportunity cost of holding the shares (better, lower risk yields elsewhere eg cash, bods, divi stocks). Don't know whether you've noticed but that cycle has turned. Bond yields suddenly coming much lower with expectations of rate cycle having peaked. Watch some of these stocks fly now that hand-break is off!. Commodity prices that have been smashed will turn with this turning in bond price cycle. The EV market growth story is still intact; it's the appetite for risk against the background of much higher rates that killed this and others like it. You'll realise that $3 was a fallacy despite the 'better outlook' at the time, and 51.5c is a fallacy despite the seemingly doomed outlook. Commodity markets are CYCLICAL. The time to buy is when underlying prices are weak and the outlook is at its bleakest. Look at Lithium end 2020. Nobody wanted a bar of it. 20-baggers made in 18 months. Hey, but if you always want to hold/buy when the price is high because that somehow confirms the better outlook, and be the voice of doom when the price is low, go ahead. Guaranteed to lose you money!