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re: Diving deeper on Standard Lithium?
Posted on 5/10/24 at 8:14 am to SmackoverHawg
Posted on 5/10/24 at 8:14 am to SmackoverHawg
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.
Posted on 5/10/24 at 8:28 am to ThermoDynamicTiger
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 don't have one. Figured I'd only be selling to harvest losses for taxes. If we get one of those quick, irrational run-ups like before, I'll dump my higher cost LT holdings and wait to buy back in at a lower price, but I don't have a price in mind yet. Still a lot of unanswered variables out there to even have a clue of what the potential for SLI is at full swing. No royalties, lithium market in a slump, gov't cheese money.
Posted on 5/10/24 at 8:33 am to ThermoDynamicTiger
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.
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