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re: Diving deeper on Standard Lithium?

Posted on 8/17/21 at 3:26 pm to
Posted by SmackoverHawg
Member since Oct 2011
27389 posts
Posted on 8/17/21 at 3:26 pm to
quote:

We. Got. Our. Asses. Kicked.

Ain't selling tho.


Gonna have to admit. Last couple weeks stinging a little.
Posted by GeneralLee
Member since Aug 2004
13112 posts
Posted on 8/17/21 at 3:39 pm to
Obviously hindsight is 20/20, but would've been better off taking the short term cap gains hit and selling at $8 on uplisting day, then buying back in the high 4's, then selling at $9 last week, then buying back in the high 5's today...

Surely management must be alarmed at the selloff here... Almost September now, we need the JV already!
Posted by Pendulum
Member since Jan 2009
7072 posts
Posted on 8/17/21 at 3:42 pm to
Man the doom and gloom in here is hilarious for a stock that is up 20% in the last month still. I hope all my stock positions crash and burn like this baby.

Some of you guys have obviously only been investing since March 2020. Get ready for your dreams of the house in the Hamptons by simply looking at charts and having "diamond hands" to get shattered.

(not directing this at any one person. Chin up guys)
This post was edited on 8/17/21 at 3:47 pm
Posted by GeneralLee
Member since Aug 2004
13112 posts
Posted on 8/17/21 at 3:44 pm to
If it gaps down again tomorrow like it has the last two days, my 30% cash position may go down to zero.... The ride up may have been overdone but this selloff is getting ridiculous as well.
Posted by GeneralLee
Member since Aug 2004
13112 posts
Posted on 8/17/21 at 3:47 pm to
quote:

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.


Diamond hands bro. Binary outcome here pretty much, either it's all smoke and mirrors and the JV won't happen, stock goes to zero, or this company is in the drivers seat to be the kingmaker for domestic lithium production for the foreseeable future. If you think it's the first, you sell out ASAP, if you think it's the latter you HODL for the long term.
Posted by Shamoan
Member since Feb 2019
9455 posts
Posted on 8/17/21 at 3:52 pm to
im not liquidating everything, just selling incrementally. if and when it recovers, ill buy back where i sold or slightly above.
Posted by SmackoverHawg
Member since Oct 2011
27389 posts
Posted on 8/17/21 at 3:55 pm to
quote:

Man the doom and gloom in here is hilarious for a stock that is up 20% in the last month still. I hope all my stock positions crash and burn like this baby.

Some of you guys have obviously only been investing since March 2020. Get ready for your dreams of the house in the Hamptons by simply looking at charts and having "diamond hands" to get shattered.


Truth.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75386 posts
Posted on 8/17/21 at 3:59 pm to
quote:

Some of you guys have obviously only been investing since March 2020.


So many swing traders on this board compared with a few years ago.

I feel like I’m in the minority when it comes to my buy and hold for a very long time approach.

Whatever to building wealth rather than hoping for a lottery ticket stock pick?
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1289 posts
Posted on 8/17/21 at 4:01 pm to
I unloaded a lot of shares in the mid and upper 8s. I bought back those shares plus a lot more on the way down. This company has a bright future. Relax.
Posted by Pendulum
Member since Jan 2009
7072 posts
Posted on 8/17/21 at 4:08 pm to
Even if they are swinging, my advice is when you feel like you should sell because of fear, buy.....when you feel like you should buy because you're gonna miss out, sell. Things have a tendency to revert to the mean. It's a tough thing to learn, but gd if that buffet saying isn't the truth in my experience. The market isn't as obvious and easy as it may seem; your primary focus should be trying to preserve your wealth and outpace inflation, not get rich.

When I learned that mentality change, all of sudden my overall performance and gains improved.

This is excluding a concrete bad news drop, that's the only time I bail on things when it'd down big. Like WKHS is a good example of that when they lost that contract. That is a narrative changer, not just a technical shift.
This post was edited on 8/17/21 at 4:11 pm
Posted by el Gaucho
He/They
Member since Dec 2010
53545 posts
Posted on 8/17/21 at 4:24 pm to
I’m still on board

I may play more sentiment indexing from here on out. Like when people get really mad at me on here they’re inclined to sell, when people don’t get mad they’re inclined to hold

Sentiment indexing is the future of hedge fund trading
Posted by skewbs
Member since Apr 2008
2013 posts
Posted on 8/17/21 at 4:26 pm to
quote:

your primary focus should be trying to preserve your wealth and outpace inflation, not get rich.


Well said. I enjoy reading all the takes in here. It's really interesting to see the overly positive threads on the upswings and the panic on the downswings. Keep an even head people. Nothing, absolutely nothing, has changed with our reasons for investing in this stock (I say 'our' reasons b/c I'm pretty sure most of us in this thread are aligned on the potential we recognize... and again another key word is potential).
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31479 posts
Posted on 8/17/21 at 4:47 pm to
It's kinda funny how everyone says they want a dip so they can add to their position, and then when it happens people start to panic.

I've been adding.
Posted by stewie
Member since Jan 2006
3955 posts
Posted on 8/17/21 at 5:01 pm to
quote:

I've been adding.


+1

Added 250 shares today @ $6.12
Posted by skewbs
Member since Apr 2008
2013 posts
Posted on 8/17/21 at 5:02 pm to
quote:

It's kinda funny how everyone says they want a dip so they can add to their position, and then when it happens people start to panic.


Exactly what I said this morning in this thread. This is an opportunity.
Posted by Pendulum
Member since Jan 2009
7072 posts
Posted on 8/17/21 at 5:04 pm to
The only days I added shares since end of june/beginning of july was 7.27 and today. Which are also the 2 last panic days in this thread. It's a good barometer of when it's a good time to buy.
Posted by Fe_Mike
Member since Jul 2015
3228 posts
Posted on 8/17/21 at 6:06 pm to
Want to add so bad but I am already insanely over leveraged, would be averaging up, and don’t have free cash. This feels like a great spot.
Posted by Fe_Mike
Member since Jul 2015
3228 posts
Posted on 8/17/21 at 6:08 pm to
Also

quote:

Pendulum

quote:

if they are swinging, my advice is when you feel like you should sell because of fear, buy.....when you feel like you should buy because you're gonna miss out, sell. Things have a tendency to revert to the mean.


Checks out.
Posted by Yak
DuPage County
Member since May 2014
4672 posts
Posted on 8/17/21 at 6:23 pm to
quote:

Want to add so bad but I am already insanely over leveraged, would be averaging up
Yup, I'm in as far as I can comfortably go and will ride with all of you
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 8/17/21 at 6:28 pm to
I’m just ridin. See y’all at $35.0(0)
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