re: Diving deeper on Standard Lithium?

Yea I am going to take a nap, will see how I feel and what it looks like in an hour or so.

If you want to relieve some of the panic, check out the 5 day chart of Lithium stocks across the board.

ALB, LTHM, PLL, LIT, TSLA, LAC, SLI

The charts all look identical. This is a sector bash, it’s not SLI specific (though of course we are at the top of the volatility range). So it’s not like some great leak has come out or some bad news specific to Standard is coming out.

Market just hates lithium this week for some reason.

Bank of America released a report on Monday with underperform ratings on Albemarle (ALB) and Livent (LTHM). BofA predicts 2022 lithium production could double what is produced in 2021 which could lead to decrease in lithium prices.

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BofA predicts 2022 lithium production could double what is produced in 2021 which could lead to decrease in lithium prices.

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I think this is what a lot of Albemarle’s statements in their quarterly were alluding to. Mentioned it many pages ago. It seemed like they were trying to throttle supply forecasts.

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Market just hates lithium this week for some reason.

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I feel like the Lithium market is just tied directly to TSLA at this current point in time.

Tesla dropped because of a "probe" being launched into investigating their autopilot driving feature. Also, I doubt the Chinese stocks going to hell and back are helping.

Realistically, this is a magnificent buying opportunity. No news and a 30% drop.

I am in for the long haul, but we could sure use some news. The Tetra PEA was originally quoted as early Q3 - so that is effectively due. The JV obviously.

Or even some operational update on what they hinted at last month with processing foreign non battery grade lithium etc....

Again long term but this is a steep move

If someone off loads another couple hundred thousand in the morning… that will break the camels back.

I'm pretty sure it will be back up before Friday. That's when the ET distribution arrives.

i am wayyyyy overleveraged in this stock. if tomorrow is another day like the last 5 have been, ima have to sell half to protect myself. im not going down with this stock and will sell incrementally down if i must. i hope tomorrow won't force my hand. its been a rough week.