My TOB post and more.
posted on
Nov 20, 2021 04:23PM
Wow people, what a week! And eventhou DB downgraded LAC I knew that we will have green week which I posted earlier. What I did not expect is for LAC SP to go thru last resistance $36 with such an ease. So , now chart is in a “Breakout” pattern again, meaning no way to know how hi SP will go , we do have two support levels, former resistance $36 and $34 but there is no way I would recommend someone to trade this stock, since unexpected news , BO and policies are driving SP. Some want to sell and take a profit, why would you get rid of hot horse in a hot market, sell your looser, if you need money- trim a bit of profit but stay in a race.
The interview with Jon Evans (JD posted a link) is excellent. I have to agree with Roy that after listening Jon – LAC’s future lithium from Argentina definitely will end up in Tesla batteries thru GANG/CATL connection. And that is something to ponder about… It make me to believe that possibility of future LAC T-P project partnering with Tesla becoming more and more feasible. Pavel, I hate to disappoint you but if you listen to Jon Evans you will come to same conclusion.
Also, my love for cryptic messages help me to catch Jon saying, paraphrasing : "why should we decommissioned and layoff people if we will use them again in a future…" Is he talking about Millennium or Arena minerals? Hmm, Very interesting speculation one can arrive to.
Finally I have no idea how you guys selling covered calls , making good money but not losing your shares.
It is all good… LAC Train is gone… choo-choo