Selling 2/3 LTHM

 

Ref: this post from August 2019: "Buying LTHM".

 

Now, nearly 15 months later, electric vehicles are in a frothing mania, with even some total scam stocks in the sector going parabolic so it's likely near the end of this mania.  

 

Stocks in general are extremely overvalued. 

 

LTHM (Livent Corp.), which closed today at $15.43, is up 149% from our entry and we're booking the profit on 2/3 of the position which makes the rest of it essentially free of cost.

We'll ride the rest of it for the longer term, or as long as we can stand to maintain any long exposure if overall markets continue to skyrocket.

 

 

 

 



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Buying More UVXY, and NAM. Updates on GNG, FG, GLI and IMT. "The Greatest Bubble Of All Time".

 

We last bought UVXY in July and it's down 50% since then.

 

That turned out to be a bad call ... so far... however long-time readers know we're not wrong often and even less so in succession.  

 

Don't go too big on UVXY.  The world, and its markets, is unusually volatile.  As compelling as the short case is, it can certainly become more compelling.  If so, we'll go heavier on the short side at that time.

Buying UVXY Monday, which closed last at $12.53

No stop. 

UVXY is the ProShares Ultra VIX Short-Term Futures ETF.

Click here to read about it.

 

 

We're way behind on updating positions, some of which you've probably taken at least some profits on.  Eventually, we'll catch-up.

 

On June 20, we wrote of Golden Goliath: "For those wishing to speculate, adding above $0.10 and if need be then selling below $0.07 should present a reasonable risk/reward ratio given the tremendous upside potential." 

 

It crossed above $0.10 the next trading day and hit a high of $0.375 not three months later, rising 275% since that post and up 971% from when we first suggested it in October 2018.

 

It closed last week at $0.175 and "should" go higher still if or when gold and silver move much higher.

On May 19 of this year we wrote in bold that Falcon Gold "currently at $0.065, still looks very much worth accumulating to us, for those longer-term bullish on the precious metals sector."

10 weeks later FG (Falcon Gold) was 285% higher.  It closed last at $0.12 and "should" go higher still if or when gold and silver move much higher.

 

 

See that May 19 link above for what we wrote on GLI (Glacier Lake Resources).  Our view of it, like its share price, remains the same.

 

 

More recently, on June 25 we pondered "Is IMT Next?"

6 weeks later IMT was 133% higher, up 250% since we added to our position in April.

It last closed at $0.06 and "should" go higher still if or when gold and silver move much higher.

In August "energy metal" stocks began to rally big.  Lithium, cobalt and the like.  

 

Here's one related stock that hasn't rocketed higher ... yet?

New Age Metals trades under ticker NAM in Canada and NMTLF in the U.S.

It last traded at $0.07 CAD and looks to be in the process of breaking a down trend stretching back to January of this year.

We'll track the Canadian issue of New Age Metals, since that's where the company is based.

 

No stop on this position.

Click here to visit the New Age Metals website.

Here's its chart:

The blue circles show that near, or just after, the end of each of the past 5 years this stock shot higher.  Same situation now?

The red lines show down trends broken.  Same situation now?

Green shows that this stock is also in a year-long pennant formation, which in this case should resolve higher.

The black lines show that downside is limited while above roughly $0.12 there's technical potential for it to skyrocket after breaking a 5-year down trend.

Obviously, like all penny stocks ... like all stocks ... New Age Metals is a speculation, and as seen below arguably markets overall are overdue to tank so proceed with prudence.

 

Charles Hugh Smith writes on the G.B.O.A.T. - "The Greatest Bubble of All Time"

 

 

Worth considering:

 

 

 

 



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