Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Do NOT be tempted to sell this yet at the first whiff of some profit. Unless you are some **** hot swing trader who knows exactly what you're doing, do NOT even think about selling. This is not a wealth-building vehicle for the impatient. You need to realise it will take several months if not years to fully reach its extent. Short term swinging is one thing, but that can cause you to miss out unless you know what you're doing. Think medium term at the very least - First quarter of 2021 600p. Work that out as a monthly percentage - you will struggle to match that elsewhere.
Losses? If you mean how heavy are my bags, nothing compared to some that I've held before.
Let me tell you a secret, I love account shrinking - it;s how I make my money and I feel like I've earned it when I sell for a sizeable profit later down the line.
They're backing this company not swinging the stock. Sure, 300 is a psychological level and there will be some profit taking and nervous wrecks may be scared enough now to jump ship at BE but ain't going to be a sell off like last time.
She's broken past the 2 day opening range completely now. If she gaps up, we could see her hurtle back towards 310 since shorts are going to be in serious panic mode and FOMO chasers want back in under 300.
True, although covid and the economy will dominate this week I think. The states is blowing up,Australia is in trouble and places in Europe are reinstating lockdowns. A third weekend running of the same rehashed story isn't going to cut it, so they better have something new and founded in evidence otherwise the story becomes a joke.
Tomorrow normally a sell day but if we see MMs deciding to trap shorts, it could be a breakout day going strong into next week. Things move much quicker than people expect. Catch people off guard is the motto at the big boys club.
However this is accumulation big time, and clearly the bottom. Many shorts will be getting squeezed next week and many nervous panic sellers will have FOMO and be panic buying all the way into the end of the month. Then we will see sustained uptrending price action until results week when it will all get cray cray again.
"Our suppliers have been investigated, we have made x, y, z changes, we have put in these these and these safeguards and protections, yadda yadda yadda" And at that point, even SLA and the "ethical" investors will be piling back in - but they won't chase, they will try and drop the price and get in so expect some turbulence before this really takes off. But the turbulence = big boys getting in, remember that.
Last week I predicted this would be in an uptrend by this point - so far, so good. How quickly she gets back up to ATHs is anyone's guess - lots of factors to consider and discuss going forward, but covid will be a big catalyst. The highstreet may enjoy a little period of success as people try and break the monotony by going out. The novelty of that will probably dwindle as the weather gets darker and cooler, and by that point we may have already seen rising cases and more local lockdowns. The next 6 months will be very positive for Boo - so hold and accumulate on dips. I'm going to hold this for at least a year as I see 500+ fairly easily, potentially 900 within 18 months.
If my prediction is correct, this will be green tomorrow and we will chug upwards until EOW. Of course, my actions never match my predictions, and I'm still a bagholder, but this was all fairly predictable. No-way such a stock will be allowed to drop to below £2. It is an absolute steal at anything below £3 in the medium term, and anything below £5 in the longer term is still a solid buy for this growth monster.