Power, Toro, Tesla

Power Metals Corp. trades in Canada under ticker PWM and in the States as PWRMF.

"Power Metals Corp is one of Canada’s newest premier mining companies with a mandate to explore, develop and acquire high quality mining projects for minerals contributing to power. We are committed to building an arsenal of projects in lithium and other power metals as we see an unprecedented opportunity to supply the staggering growth of the lithium battery industry."

It currently trades at $0.23 CAD and has broken a 10-month down trend:

We hold shares at an average of $0.23

We featured Toro Energy in December of last year when it broke a 3-year down trend.

Toro, trading under ticker TOE in Australia and TOEYF in the States, has essentially traded sideways since then, and still seems like a good speculation in our view, especially with the price of uranium continuing to climb and the sector overall garnering increasing attention.

We've written about Tesla extensively in the past few months, and will probably soon be adding to our most entertaining short position.

It seems at a good short entry point for those who'd been waiting, or re-entry point for those who already booked profits on previous short sales.  

We are short Tesla at an average of $370.



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