LithiumI feel like something is up with the lithium stocks, or will soon be up with the lithium stocks.
Some funny stuff is going on that may mean that they are going to get a bid shortly.
Oil year on year reserves and supply is going down 6% per year.
India's car sales up 22% year on year. China's up big too. (don't have the number off hand)
Those are not good numbers for conventional cars.
Also, this ponzi scheme company that shot up from 12 cents on the Venture to 8 bucks and has just led to a big jump for MCI seems to be having a rub off effect.
ULI (ultra lithium) suddenly at 3:30 (about the time that MCI was going nuts) got a huge bid step in after nothing, nada, no interest to buy, for 3 weeks.
Alot of the lithum companies llike ULI and CRE are at the same point that they were last June and July and when you add all the factors, they have an appearance of being vastly undervalued (add to it that last July oil was 65 dollars not 105)
Just a feeling. Could be wrong. Been wrong before. As Krazy says, look for the volume here and ULI.