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Started By
Message
re: Diving deeper on Standard Lithium?
Posted on 11/18/21 at 2:48 pm to BigPerm30
Posted on 11/18/21 at 2:48 pm to BigPerm30
Wow guys, what a few weeks.
I did sell a large chunk at $11 after the Lanxess calls led me to conclude this is on ice for awhile... needed to rebalance and lock in a win. Still hold an outsized position.
Today - The Orca report and lawsuit were obviously orchestrated and a planned attack. Without being a lithium expert, I think they overassumed on the key 13% argument. Looking at quarterly 'production', sure seems like we were targeting 800 as production each quarter as opposed to that magically being the max each quarter eventhough brine intake was growing in multiples.
So I am not compelled by Orca - although their presentation has enough teeth to lead the casual investor astray. Pulling up a DLE attempt in 2011 for example - what a joke but that will work.
We need a pointed response.
On a side note - when we broke $7 I did buy 100 7.50 11/19 calls at $.15 and another 100 at $.10. Sold half at $.60 and 25% at .75 so that was fun. Holding remaining 50 in case we respond tonight.
Cheers guys
I did sell a large chunk at $11 after the Lanxess calls led me to conclude this is on ice for awhile... needed to rebalance and lock in a win. Still hold an outsized position.
Today - The Orca report and lawsuit were obviously orchestrated and a planned attack. Without being a lithium expert, I think they overassumed on the key 13% argument. Looking at quarterly 'production', sure seems like we were targeting 800 as production each quarter as opposed to that magically being the max each quarter eventhough brine intake was growing in multiples.
So I am not compelled by Orca - although their presentation has enough teeth to lead the casual investor astray. Pulling up a DLE attempt in 2011 for example - what a joke but that will work.
We need a pointed response.
On a side note - when we broke $7 I did buy 100 7.50 11/19 calls at $.15 and another 100 at $.10. Sold half at $.60 and 25% at .75 so that was fun. Holding remaining 50 in case we respond tonight.
Cheers guys
2
Posted on 11/18/21 at 3:06 pm to igoringa
quote:
when we broke $7 I did buy 100 7.50 11/19 calls at $.15 and another 100 at $.10.
This was a hell of a call. I didn't even think about tomorrow's options. I bitched out and took Dec and Jan. Still up some $$$. Hopefully, they pay off nicely over the next week or two.
Posted on 11/18/21 at 3:27 pm to igoringa
I also bought Dec calls at 7.50 around 2:00pm. Up 75.47% today!
Gaucho’s WHSI also a good day and helped take some of the sting out of SLI carnage. Thanks Gauch!
Gaucho’s WHSI also a good day and helped take some of the sting out of SLI carnage. Thanks Gauch!
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