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Gold/Mining/Energy : Lithium
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To: Condor who wrote (63)6/12/2009 1:40:00 AM
From: Sailing2  Read Replies (1) of 1146
 
Condor, I agree some of these are probably just riding the initial lithium hype. For example, MCI.V is still Mountain Capital Inc. on Stockcharts. Do they really have anything to do with lithium?

I have large (for me) positions in WLC and CLQ because I think they are for real and I believe EVs and PHEVs are the wave of the future. I've just taken smaller positions in TNR and NW. If there is a lithium boom to some extent all boats will rise and, as you say, let's make money any way we can.

Jack Lifton is the best alkalai metal/rare earth metal analysts I know of and I have no doubt that SQM and POT are great longterm investments. I may buy some SQM to put away. POT is just too rich for my budget. Right or wrong, I like to accumulate thousands or tens of thousands of shares of low priced stocks rather than a hundred shares of a stock selling for more than $100. I find owning lots of shares of lower priced stocks makes it easier to trade around a core, and to be diversified. Suits my style and my budget.

I've taken this approach for several base metal stocks (e.g. FNI.TO and ML.TO) and all the junior oilsands worth owning (ie. STP, AOS and ELE) as well as WLC and CLQ, accumulating tens of thousands of shares since last Nov/Dec. Has definitely paid off so far on this cycle.

I'm in low enough on WLC that I hope never to have to sell my core as the EV/PHEV market starts to take off late next year. My wife and I are ready to be early adopters of the first decent plug-in hybrids. We're on the waiting list for a Chevy Volt but we'll also see what Toyota and others have by early 2011.

All the best to you Condor and thanks again for starting this thread.
Oilgeezer (and old geezer!)
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