You know the deal, “buy low and sell high.”
Easier said than done, I know…
So, I like to remind myself, like pretty much all the time…
At the time of writing, Nemaska Lithium (NMX.TO/NMKEF) is trading at C$0.69/share, down -31% since some recent financings took placed at C$1.00/share.
The other lithium developer I’m actively monitoring right now is Lithium Americas (LAC.TO/LAC), now trading at C$4.71/share, down over -10% today!
The pain in the Canadian lithium space continues, and it’s getting very very interesting.
Can you believe NMX.TO is down -70.4% year-to-date?
LAC.TO is holding up a bit better (relatively speaking), but that’s not saying much… down a hefty -57.8% this year.
I have no idea how to time markets and don’t much like “catching falling knives”, so the only strategy that I really know how to employ for myself is to “average in SLOWLY, nibbling in tranches.”
Low can indeed keep going lower and lower…
Do your own research and due diligence before buying.
I was a seller of lithium stocks earlier this year in January when everything was a CAT 5 BRIMMER… In hindsight, I wish I sold everything then…
Because this sector is just beyond volatile and booms and busts seem to occur like clockwork every single year.
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