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re: Diving deeper on Standard Lithium?

Posted on 5/10/24 at 8:33 am to
Posted by WhiskeyThrottle
Weatherford Tx
Member since Nov 2017
5336 posts
Posted on 5/10/24 at 8:33 am to
quote:

Speaking of selling. What is our plan here? If this thing flies up like last time, unlikely, do we sell since we seem to be a ways out from actual production? or do we hold on the long term value. Many of us got burned by holding last time...I sold at around $10 last time, but bought back in at $7.



I'm late to this party, and damn near 900 pages is a lot to read through. What led up to the spike and what caused the drop through now?

Started reading up on the company and decided to throw a little towards this one yesterday.

To answer your question on how I handle stocks like this, if it were to spike, I'll generally put a 20% trailing stop order on the stock and let it execute. This stock in particular looks like it could have wild swings though, so maybe 20% is a little on the low side.
Posted by MikelArteta
Your mother's
Member since Apr 2024
28 posts
Posted on 5/10/24 at 8:39 am to
Idk man, I just like looking at graphs.
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2013 posts
Posted on 5/10/24 at 8:41 am to



quote:

I'm late to this party, and damn near 900 pages is a lot to read through.



Hopefully, they will pin this thread (with a cliff's notes summary) as what you can expect holding an OTC miner through to production. The good, bad, and ugly.
Posted by jchamil
Member since Nov 2009
16522 posts
Posted on 5/10/24 at 8:44 am to
quote:

The good, bad, and ugly.


I've probably got a couple of melts in here
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2013 posts
Posted on 5/10/24 at 8:49 am to
Oh yes, I went from defending Mintak to demanding he be tarred and feathered.

Posted by SmackoverHawg
Member since Oct 2011
27375 posts
Posted on 5/10/24 at 8:54 am to
quote:

jamiegla1

Is not going to be happy. Rode this train the way down and jumped off just before the second act.
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1289 posts
Posted on 5/10/24 at 8:54 am to
quote:

I'm late to this party, and damn near 900 pages is a lot to read through. What led up to the spike and what caused the drop through now?


2020 Lithium FOMO caused it go through the roof after it got listed. There was no logic to it. I hindsight settling back down to this level was pretty obvious since they were so far from actual production. Or I guess it was 2021 FOMO. It was all a wild blur of a ride.
This post was edited on 5/10/24 at 8:58 am
Posted by ev247
Member since Nov 2022
317 posts
Posted on 5/10/24 at 8:58 am to
Not to mention the scale of TX. They called it a multiple of SWA, while SWA has an after-tax NPV over $3B. I don't intend to sell anything until those questions get answered, but I've never seen something like a ride from $1-$10
Posted by Fe_Mike
Member since Jul 2015
3148 posts
Posted on 5/10/24 at 9:06 am to
May 1st:

quote:

but if we’re just talking short term optimism it looks like $1.49 is a nice technical breakout target. If we can fight our way there, might see a quick technical run back to $2.


Totally nailed it.

Finally green again. Averaging down worked for once! Hopefully it lasts…
This post was edited on 5/10/24 at 9:07 am
Posted by SmackoverHawg
Member since Oct 2011
27375 posts
Posted on 5/10/24 at 9:07 am to
quote:

Totally nailed it.

Finally green again. Averaging down worked for once! Hopefully it lasts…

Posted by el Gaucho
He/They
Member since Dec 2010
53085 posts
Posted on 5/10/24 at 9:23 am to
Should I buy? When’s it gonna go back to 1.30
Posted by jamiegla1
Member since Aug 2016
7013 posts
Posted on 5/10/24 at 9:27 am to
quote:

Is not going to be happy. Rode this train the way down and jumped off just before the second act.

I still have a tiny bit. Im happy for everyone. It has been quite the ride.

I always said id buy back when something material happened. I dont intend on hopping back on a hype-train, though. $12 was based on nothing but speculation and, i hate to say this, we probably got what we deserved by putting so much faith in it.
Posted by FMtTXtiger
Member since Oct 2018
3743 posts
Posted on 5/10/24 at 9:31 am to
At least this time we have more substance, thats the difference.
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6216 posts
Posted on 5/10/24 at 9:36 am to
Just because I hated staring at 6950, I threw a little more at it to go over 7k. Now at 7120

ETA: Insane volume already today
This post was edited on 5/10/24 at 9:42 am
Posted by Shepherd88
Member since Dec 2013
4591 posts
Posted on 5/10/24 at 9:44 am to
Gotta think we’re seeing some what of a short squeeze going on.
Posted by KCRoyalBlue
Member since Nov 2020
986 posts
Posted on 5/10/24 at 9:54 am to
7500 would look a lot better than 7120.
Posted by Fe_Mike
Member since Jul 2015
3148 posts
Posted on 5/10/24 at 11:09 am to
And at that point you may as well round it off at an even 10k
Posted by SmackoverHawg
Member since Oct 2011
27375 posts
Posted on 5/10/24 at 12:33 pm to
F#$K it. Just added 5000 more shares. Now back to work.
Posted by gautamj
Member since Sep 2023
56 posts
Posted on 5/10/24 at 1:17 pm to
Wish I had some dough to buy more..
It's a shame I had to sell 15k shares at a 50k loss after repeated margin calls..
Posted by jamiegla1
Member since Aug 2016
7013 posts
Posted on 5/10/24 at 1:31 pm to
quote:

At least this time we have more substance, thats the difference

Maybe. This is definitely not an LFG moment. I believe I’m being very sane about this. Koch dropped $100MM and it only went down. This is a very positive sign but in no way is it a reservation for wine mixers. Just zoom out on the charts
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