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re: Diving deeper on Standard Lithium?

Posted on 10/13/21 at 9:24 am to
Posted by BigDropper
Member since Jul 2009
8138 posts
Posted on 10/13/21 at 9:24 am to
quote:

Back to 5-7 life

Posted by PotatoChip
Member since May 2014
4192 posts
Posted on 10/13/21 at 9:35 am to
When it sells off in the middle/end of the day, it’s usually really low volume. One mid day institutional purchase could really hurt the swing traders. Every time it goes above 9, you are taking out sellers waiting to buy lower towards the end of the day.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 10/13/21 at 9:38 am to
Sold a lot of $17.5 strike covered calls in the November '21 contract today. Now it's pretty much guaranteed that we will rip even further and make me sweat those being exercised....
This post was edited on 10/13/21 at 9:42 am
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/13/21 at 9:50 am to
RUN SLI RUN!!
Posted by Capt ST
High Plains
Member since Aug 2011
13328 posts
Posted on 10/13/21 at 9:59 am to
What's the exit plan?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/13/21 at 10:00 am to
Sir, you can check out anytime you like. But you can never leave.
Posted by PotatoChip
Member since May 2014
4192 posts
Posted on 10/13/21 at 10:05 am to
If you can find a company with more potential to invest in, that could be your plan.I don’t have an exit plan, but always said I would re-evaluate my position around $35. I’m not thinking of of pulling out when she’s this early in the game.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 10/13/21 at 10:06 am to
At some point once the JV is finalized, they are producing tens of thousands of tons per year of lithium, etc., this will be trading more like an Albemarle type stock with lower volatility (way less downside but less upside as well). At that point (probably $20-30+ per share in the next year or two) it would be prudent for most of us to take some profits and diversify elsewhere. Finding the next SLI like stock for the redeployment of profits is going to be very tough though. This one is truly a relatively low risk, high reward unicorn.
Posted by 73gt
Member since Oct 2020
41 posts
Posted on 10/13/21 at 10:33 am to
I had an original plan to sell at $10 but over the last 6 months I've been convinced to hold to at least $20 and see what the overall sentiment is.
Posted by el Gaucho
He/They
Member since Dec 2010
56780 posts
Posted on 10/13/21 at 10:34 am to
quote:

Finding the next SLI like stock for the redeployment of profits is going to be very tough though.

I’ve found it for you

Whsi brother
Posted by Who_Dat_Tiger
Member since Nov 2015
22246 posts
Posted on 10/13/21 at 10:36 am to
Yeah I’m thinking it’s gonna be a few years before I want to exit. Might be even longer now that I’m out my swing shares I don’t know that I’ll ever get back. Gonna have to dip again eventually.

We’re definitely above the resistance line right now
Posted by Capt ST
High Plains
Member since Aug 2011
13328 posts
Posted on 10/13/21 at 10:53 am to
Thanks.
Posted by Box Geauxrilla
Member since Jun 2013
19170 posts
Posted on 10/13/21 at 10:57 am to
Checking in on page 420

Just wanted to thank whoever mentioned the April ‘22 $12c. I picked up 3 contracts yesterday and already up 25%.

Also grabbed 100 shares as well.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/13/21 at 10:59 am to
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3179 posts
Posted on 10/13/21 at 11:12 am to
Posted by Grassy1
Member since Oct 2009
7306 posts
Posted on 10/13/21 at 11:14 am to
If someone is bored, feel free to explain the contracts you speak of.

For us third graders.
Posted by BallsEleven
Member since Mar 2019
6163 posts
Posted on 10/13/21 at 11:25 am to
SLI does not like the 9.30s.

When it gets above that, it's going to explode harder than I did my first night with the wife after my deployment.
Posted by Shamoan
Member since Feb 2019
11482 posts
Posted on 10/13/21 at 11:29 am to
I am not telling anyone, certainly no financial advisors, the percentage of my portfolio is invested in SLI. its shameful.
Posted by LSUGrad2005
Member since Aug 2018
727 posts
Posted on 10/13/21 at 11:31 am to
Agreed, I am way overloaded on this one. But I can’t complain today
Posted by igoringa
South Mississippi
Member since Jun 2007
11901 posts
Posted on 10/13/21 at 11:32 am to
quote:

When it gets above that, it's going to explode harder than I did my first night with the wife after my deployment.


Sounds like my first night with your wife after your deployment.... Sorry too easy and yes I know this is not the OT.

All bullshitting aside, thank you so much for your service.
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