re: Diving deeper on Standard Lithium?

I will be honest, if a sale where I can make a decent profit was to happen I wouldn't be mad at all. The only glimmer here is Koch and the fella they just hired from Koch. But to be honest 100M is a rounding error for KI. I haven't dug too much into the hire but the quick looking I did gave a neutral feeling.

I don’t think we can argue both sides of the coin here for Koch.

Either they invested $100m and we take that as a big deal (in which case the hire of David Park very well could be them “righting the ship” if you will).

Or $100m is just a drop in the bucket for them and they’re taking a shot at it just like we are.

Sell the rumor (missed deadline), buy the news (when it comes)?

Every 3 days someone notices this and I am convinced that this is nothing more than desperate hope.

Is anyone brave enough to apply Occam’s Razor to this?

My shares have been loaned for 2 years straight, but I just checked and noticed they haven't been shared since 7/28.

Ill take FE_MIKE's reddit hat on and say it was all the shorts getting out because its about to go the moon, then infinity and beyond.

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Any take on the mood on the ground currently?

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No news. The recent buzz about the lithium is south Arkansas has people all fired up.

I would like to point out that Koch Industries got much more for their insignificant $100million than Exxon did. They got active brine wells, infrastructure in place, rail lines and the only company I know of that has extracted lithium from this brine. Exxon dropped $100million for lease rights. Don't know why everyone is shitting their pants about Exxon. Everything points towards SLI being onto something. Rich people don't move into shitty neighborhoods.

Yeh I definitely have less shares loaned out. Dropped by about 30% today.

However, shorts exiting positions = buys = price should be going up, not down. Price dropping implies short positions are increasing. You know, in a vacuum. Maybe evil MM's pushed the price down today on the sell side so their buddy's could take advantage of the downside pressure and missed deadline to exit their short positions a bit more lucratively before the news....



Yeh I don't get any of it. I'm just gonna color in the corner til lithium appears somewhere.

I'm not sure it is the big dog coming to the neighborhood as much as it is a 10% drop in stock price in one day. Of course, I'm in the red everywhere, so there's that.

tks,

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Shorts buy high and sell low. Everyone else buys low and sells high. ( except for me…..) If shorts want to sell, and want to sell low as possible, wouldn’t that drive price down?

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Oddly enough that’s not quite true. Everyone wants to buy low and sell high. Shorts just do it in reverse. They sell first, then buy, whereas us normies look to buy first then sell later. Their (shorts) goal is to short the stock as high as possible (aka sell shares they don’t have at a high price) then buy them back as low as possible later. They are predicting the price will go down after they borrow and immediately sell the shares.

So, when shorts are exiting their position, they have to buy the shares back to give back to the people they borrowed from. That’s how a short squeeze works, is because it causes a mass “buying” event.

That is how it works in theoretical land. Here in the real world, we all see our lent out (shorted) shares come back, and for some reason the price goes down.

Oddly enough all of my FPL shares stopped reporting on Etrade on 7/28. I don't know if it is because JP Morgan has bought Etrade or whatever else it might be.