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re: Diving deeper on Standard Lithium?

Posted on 1/14/22 at 8:58 am to
Posted by Fe_Mike
Member since Jul 2015
3228 posts
Posted on 1/14/22 at 8:58 am to
Lower than $7 is ridiculous. We should not be down here with Koch skin in the game. This thing is not a scam and it is not a DOA project with that kind of backing.

Hopefully we creep back up over $7 today and then just maintain there for a while. Would be totally fine to hover at $7-8 for the next few months.

Not a lot of catalysts in the near term, probably the main reason for the selling. Not a lack of faith in the company, just money looking elsewhere for short term growth. Which is, frankly, not unreasonable.

My main concern is that the two potential news events competing for the next real PR are JV and another potential Koch financing run. I hope JV is first; would be scary if a Koch investment is met with another Blue Orca type bear attack to sweeten their price at these levels.
Posted by jerryc436
Franklin
Member since Jan 2014
521 posts
Posted on 1/14/22 at 9:07 am to
I have some CC's that will expire next week and have good premiums that I will use to help pay for my 2 puts at 7.50. The premium on the puts will show I am buying at 7.10 if it closes below 7.50 and I feel good buying at that price but it will increase my average price a little. My goal starting was to accumulate 2500 shares but I am now at 5500 shares and hope to have 5700 shares after next Friday. This is a long term hold for me but will continue to sell CC's on at least half of my shares at a price that will double my investment. Good luck to all in this stock.
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