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re: Diving deeper on Standard Lithium?

Posted on 9/23/21 at 9:04 am to
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:04 am to
quote:

Glad ole baw sold that Cramer bounce.



Couldn't say he was wrong. Didn't see me scolding anyone last PM. If we don't get some big news soon, I can see us back in $6's, but the PEA on all south Arkansas projects pending and there was an article in the Magnolia reporter with Galvanic CEO talking about SLI. Haven't read it yet, just saw excerpt. Galvanic was aligned with Lilac I believe. Their CEO seems to be an SLI baw the past couple months, ain't seen him say shite about Lilac. SLi's Bristol Lake project better anyway. They'll take Lilac's Salton Sea project over when they can't deliver the goods. frick Bill Gates. People think if he invests it must be the best. They'll certainly get political help, but Elon likes SLI and Mintak. And Gates hasn't done shite outside of Microsoft and he wasn't even the one to develop it. fricking crook.
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:06 am to
quote:

go ta hell ole miss

Just based on user name, you can stay.
Posted by GeneralLee
Member since Aug 2004
13875 posts
Posted on 9/23/21 at 9:08 am to
Yeah I don't want these exercised at all given the short term cap gains I'd take the hit on... so my plan is to ride these October calls, then maybe sell some $17.5 or $15 covered calls in the January '22 contract after these October ones expire worthless. JV execution could probably happen by November 19th so we could hit $12.5 by then.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 9/23/21 at 9:09 am to
Posted by stewie
Member since Jan 2006
3999 posts
Posted on 9/23/21 at 9:09 am to
quote:

just sold a boatload of $12.5 covered calls in the October contract at $0.20-$0.30.



I saw you post the other day about this strategy and couldn’t have agreed more.

Sold some October $12.5 calls (averaged $18)
Also sold just a few Nov. $12.5 calls … those hit $75 and I couldn’t resist.

Wouldn’t be surprised to see a decent drop next week if there is no new news/releases.
Posted by bayoubengals88
LA
Member since Sep 2007
21077 posts
Posted on 9/23/21 at 9:10 am to
It really pisses me off that everyone now knows about this stock.

I managed to get 29 shares around 6.28 on Monday.
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:12 am to
I'm still holding to $15+ by year end. Assuming PEA as good or better than expected, JV done and announcement that work has begun on commercial plant build. Plans done, contractors lined up, everything looks to be clear for work to begin before end of year or first of 2022 at latest. Supply chain issues. Trying to make sure they have everything they need locked up and delivered. Would hurt worse to have set backs and delays than to stall on announcing a little while.
Posted by Pendulum
Member since Jan 2009
7579 posts
Posted on 9/23/21 at 9:14 am to
When you are working a tip like this for so long, there's never enough shares that would satisfy you now.

My SLI between my ROTH and Brokerage is like 23k now, the most I've ever had in a single stock, not an ETF by like 1.5x. It's a bizarre feeling, but yea, never can have enough when something moves like this and you first heard about it when it was under $3. I'm up like 30% on the year overall because of SLI.

ETA: God, it moved another .15 while I was typing that
This post was edited on 9/23/21 at 9:16 am
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:14 am to
quote:

everyone now knows about this stock.

Actually very few do. I'm still shocked at how few locally are aware of it and it's significance. Outside of south Arkansas, nobody has heard of it. It's still surprisingly unknown in the lithium circles.
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1352 posts
Posted on 9/23/21 at 9:15 am to
wine mixer back on!
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:16 am to
quote:

When you are working a tip like this for so long, there's never enough shares that would satisfy you now.


No shite. My initial goal was 100k shares. I wish I would've just said "frick it" and acquired my current stash back then. I'd have a cost average of about $.75
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 9/23/21 at 9:17 am to
First round on me at chili’s!!
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:18 am to
quote:

wine mixer back on!


ON.

Now let's see if we can trade about even through the usual am sell off. If we do, then $9 may not be out of reach with the power hour at the end of the day.
Posted by GeneralLee
Member since Aug 2004
13875 posts
Posted on 9/23/21 at 9:18 am to
When it rips like this I feel like I can never have enough SLI, but then when it dips hard I think MAN do I have way too much of this....

This might hit 10-15M volume today, way higher than even uplisting day.
This post was edited on 9/23/21 at 9:20 am
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:21 am to
What'd we open at yesterday?

This post was edited on 9/23/21 at 9:28 am
Posted by Pendulum
Member since Jan 2009
7579 posts
Posted on 9/23/21 at 9:22 am to
It's certainly got to the point where I just open my etrade app and look at my total daily change and know which way SLI is moving without going into my accounts.
Posted by jimjackandjose
Member since Jun 2011
6630 posts
Posted on 9/23/21 at 9:22 am to
6.56 I think

Someone just sold a bunch
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11621 posts
Posted on 9/23/21 at 9:24 am to
I'm pretty sure once this $9 gap fills I'll sell my shares and pile into LEAPs.
Posted by GeneralLee
Member since Aug 2004
13875 posts
Posted on 9/23/21 at 9:26 am to
Just sent you the link, thanks!
Posted by SmackoverHawg
Member since Oct 2011
28913 posts
Posted on 9/23/21 at 9:27 am to
quote:

I'm pretty sure once this $9 gap fills I'll sell my shares and pile into LEAPs.


How you gonna play that? Like I said, I've always been a buy and hold type, but times of high volatility make me want to learn more about trading options and such. At least a little for fun.
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