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re: Diving deeper on Standard Lithium?

Posted on 8/12/21 at 3:00 pm to
Posted by reds on reds on reds
Birmingham
Member since Sep 2013
4418 posts
Posted on 8/12/21 at 3:00 pm to
quote:

Confirmed


From one of Marks dogs?
Posted by Elusiveporpi
Below I-10
Member since Feb 2011
2644 posts
Posted on 8/12/21 at 3:05 pm to
quote:

From one of Marks dogs?


That better be a guy on the board of SLI.
Posted by Auburn1968
NYC
Member since Mar 2019
23126 posts
Posted on 8/12/21 at 3:34 pm to
quote:


I had to trade diversity to get there.


Diversity? What's that?
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3179 posts
Posted on 8/12/21 at 3:50 pm to
quote:

Diversity? What's that?


I don't know, but I hear progressives talk about it a lot so it must be a bad thing.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15222 posts
Posted on 8/12/21 at 3:51 pm to
Bought more at 8 and watched it slide but came back towards end of day. Hopefully a good day tommorrow it needed a little break anyway.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34027 posts
Posted on 8/12/21 at 3:51 pm to
quote:

You need $250k in a brokerage account with fidelity. That could make things challenging.


I have less than that in my etrade account. Perhaps our minimums are lower.
Posted by Shamoan
Member since Feb 2019
11545 posts
Posted on 8/12/21 at 4:00 pm to
quote:

I had to trade diversity to get there. My "portfolio", if you could even call it that now, is down to 2 stocks. Risky, of course, but hopefully the juice will be worth the squeeze.


whats the other one?
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/12/21 at 4:02 pm to
Just went into Fidelity office today to sign all the Fully Paid Lending docs. Gonna get 7.25% on lent out SLI shares and 3% on NVVE and ASTS. Rep there was taking notes on Standard Lithium by the time he got done talking to me about it and my stack of shares and unrealized gains...
Posted by BigPerm30
Member since Aug 2011
29432 posts
Posted on 8/12/21 at 4:09 pm to
quote:

Just went into Fidelity office today to sign all the Fully Paid Lending docs. Gonna get 7.25% on lent out SLI shares and 3% on NVVE and ASTS. Rep there was taking notes on Standard Lithium by the time he got done talking to me about it and my stack of shares and unrealized gains..


What’s the catch? Seems like a no brainer? You still control the shares correct?
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/12/21 at 4:23 pm to
No catch, I still own the shares and could sell any time I wanted. If all my shares get lent out I’ll get $6K/month income.
Posted by BigPerm30
Member since Aug 2011
29432 posts
Posted on 8/12/21 at 4:46 pm to
quote:

If all my shares get lent out I’ll get $6K/month income.


I’m assuming you’re going to use that $6k/month to purchase more shares. That’s the only logical choice. How many shares do you have?
Posted by igoringa
South Mississippi
Member since Jun 2007
11901 posts
Posted on 8/12/21 at 4:46 pm to
General - did you have to go in? Online it said it would send me an email in a day or two and it never came
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/12/21 at 5:03 pm to
150K SLI, 15K NVVE, 8K ASTS shares.
Posted by Pendulum
Member since Jan 2009
7603 posts
Posted on 8/12/21 at 5:18 pm to
The catch is you are lending your shares to people that want to draw down the price on your asset. Certainly not irrelevant with a small cap.
This post was edited on 8/12/21 at 5:19 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
34027 posts
Posted on 8/12/21 at 5:20 pm to
quote:

The catch is you are lending your shares to people that want to draw down the price on your asset.


Short selling does not force the stock price down. That's AMC-thread myth stuff.

quote:

General - did you have to go in?


No. I'm sure there's some algorithm that determines where the shares are pulled from. For me, I own 2,700 and the past few days 875 have been on loan.
This post was edited on 8/12/21 at 5:22 pm
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/12/21 at 5:20 pm to
Let there be a massive short squeeze at some point then....
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/12/21 at 5:31 pm to
I went in to the local branch because the forms were like 50 pages long and I just have my home office now with no fax machine.
Posted by GREENHEAD22
Member since Nov 2009
20063 posts
Posted on 8/12/21 at 6:59 pm to
So how much do you get per share lent?
Posted by supadave3
Houston, TX
Member since Dec 2005
31145 posts
Posted on 8/12/21 at 7:44 pm to
quote:

150K SLI, 15K NVVE, 8K ASTS shares.


Holy shite. That’s over a million in SLI alone. frick, I’m poor.
Posted by LChama
Member since May 2020
2699 posts
Posted on 8/12/21 at 8:03 pm to
Me too dave.. but rich in friends man
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