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re: Diving deeper on Standard Lithium?

Posted on 1/20/22 at 1:32 pm to
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 1/20/22 at 1:32 pm to
Lol. Nope only trade I did today was scalping a quick 2% shorting PL.

I'll be ready to load the boat again here for my original 150K shares if this drops back to the $3-4 range come April-June.
Posted by deltaland
Member since Mar 2011
96846 posts
Posted on 1/20/22 at 1:50 pm to
Nothing in this market seems to want to hold any gains very long. You can make a little bit penny flipping on PR if you can time it right but otherwise it sucks
This post was edited on 1/20/22 at 1:51 pm
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 1/20/22 at 1:54 pm to
Here is my wish list for the market bottom:

ORGN at $4
ASTS at $3
SLI at $4
NVVE at $4
SPIR at $1.50
RDW at $3
ROKU at $75
SE at $100
TSLA at $600

Only position I hold right now is SABS warrants, I am ~90% cash. Down 35% on those but those were always a 10X or 0X play and hoping I'll still get my 10X with EUA on SABS 185. No way to know which day that'll be so have to hold/add through the downturn.

I also am converting 10% of my net worth into SpaceX shares I found for sale.
Posted by el Gaucho
He/They
Member since Dec 2010
56850 posts
Posted on 1/20/22 at 2:13 pm to
Dang bruh you better check your tanks


I think somebody switched your hopium out for husssium
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 1/20/22 at 2:17 pm to
It was a great market to play individual stocks post COVID with the Fed expanding the balance sheet and the market all cratered out in March 2020, but all the easy money was made by February 2021, we just got lucky making extra money from lithium through last fall. But with the Fed tightening now the blood letting will continue for a few months. I tried to fight it a bit late last year but just accepted it now and am positioning myself primarily for capital preservation right now (with the one SABS side bet at least), will get aggressive to buy back in like in Bunker Hill once I can see the "whites in their eyes." We haven't come close to a capitulation bottom yet imho. Like a Phoenix we will emerge from the ashes...
Posted by el Gaucho
He/They
Member since Dec 2010
56850 posts
Posted on 1/20/22 at 2:25 pm to
I have it on good authority from StockTwits that this is the last day Whsi is under a penny if you’re looking for the next big thing
Posted by el Gaucho
He/They
Member since Dec 2010
56850 posts
Posted on 1/20/22 at 2:48 pm to
Damn I shoulda sold
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1353 posts
Posted on 1/20/22 at 2:53 pm to
Freakin Brandon
Posted by el Gaucho
He/They
Member since Dec 2010
56850 posts
Posted on 1/20/22 at 3:00 pm to
Can we get another pr
Posted by Pendulum
Member since Jan 2009
7601 posts
Posted on 1/20/22 at 3:21 pm to
2020-2021 post covid was the easiest money and market I've ever experienced by a mile; like you really had to TRY to not get ridiculous gains, it just wasnt reality. I started my etrade account in mid 2007.

The easy money has been made. It'd be best to forget most of what you learned over the last 2 years. I hope no one quit their day jobs

SLI needs to get their technology proven and mine lithium and MAKE money. PR doesn't make money; and that isn't happening in the next few months. This is how the market should work. I think they are still on track, I'm in it until they fail or mine lithium, and in the meantime, buying when it's cheap. I hope they don't focus on PR and shite that doesn't matter at this stage, work on the actual business, the perception will work itself out. The stock price will approach it's value over a long enough timeline, regardless of what interviews they give or what reassurances they give out. They don't need the price to go up unless they want to do an offering at this point, or they know it's not going to work and insiders need to get out.
This post was edited on 1/20/22 at 3:34 pm
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 1/20/22 at 3:26 pm to
Agreed, April 2020 was like shooting fish in a barrel with airline stocks, cruise stocks, heck almost any stock being able to get insane gains on a short timeframe. Might never see anything again like it, like the 2019 LSU season. 2021 was easy money for me as well, but solely due to SLI. 2022 is gonna separate the men from the boys. Sometimes the best trade is no trade. Capital preservation is the name of the game the first half of this year imho. There will be amazing opportunities on the other side of the storm, but it's gonna be a hell of a storm and we haven't even hit the eyewall yet.
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3179 posts
Posted on 1/20/22 at 3:43 pm to
I'm with you, General. I'm afraid that we've still got a ways to go before we see the bottom and I'm hoping that that will present some good buying opportunities. It hurt me today to sell off my remaining SLI, but I still believe in the company and plan to buy them all back, and then some, at a lower price in the not too distant future. Never-the-less, it has been a fun ride with you baws these past 22 months. I look forward to doing it all again soon.
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 1/20/22 at 3:48 pm to
Why not make money on the way down?
Posted by Auburn1968
NYC
Member since Mar 2019
23108 posts
Posted on 1/20/22 at 4:07 pm to
quote:

Freakin Brandon


He can turn gold into lead.
Posted by Shamoan
Member since Feb 2019
11542 posts
Posted on 1/20/22 at 4:13 pm to
so, how do you find these plasma donation centers?
Posted by Auburn1968
NYC
Member since Mar 2019
23108 posts
Posted on 1/20/22 at 4:13 pm to
quote:

SLI needs to get their technology proven and mine lithium and MAKE money. PR doesn't make money;


They have got to finish the JV. Without it, there can't be any commercialization.
Posted by Pendulum
Member since Jan 2009
7601 posts
Posted on 1/20/22 at 4:24 pm to
To be clear, I'm including getting a partner to enter a venture with you and actually fund the project and moving towards mining lithium in the "mining lithium" part, not PR. I guess the news will come in the form of a press release (PR) though, just not expecting it anytime soon; so I guess it's semantics, but I'm sure you understand what I'm saying.



This post was edited on 1/20/22 at 4:25 pm
Posted by el Gaucho
He/They
Member since Dec 2010
56850 posts
Posted on 1/20/22 at 4:55 pm to
Dang it’s going down ah

Shoulda sold when we were up rip

Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 1/20/22 at 5:30 pm to
quote:

Why not make money on the way down?


They say "invest in what you know" and I've never really shorted before so a bit gun shy there. That and they charge you interest to short stocks. I've just decided to have most of my cash chill in a stable value fund getting 1-2% annualized interest for now. In my brokerage account I can short stocks, I do have a short on Rivian as that seems like the most bloated stock out there. But in my retirement accounts I can't short stocks or do put spreads so that really limits short strategies there. The IV on put options is insanely high so put spreads are the main way to negate that, but that also limits your upside potential.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 1/20/22 at 5:30 pm to
quote:

Dang it’s going down ah


Yeah tomorrow is looking ugly based on the futures right now. NFLX earnings miss has folks running for the hills.
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