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Bullboard - Stock Discussion Forum Surge Battery Metals Inc. V.NILI

Alternate Symbol(s):  NILIF

Surge Battery Metals Inc. is a Canadian-based company. The Company’s Nevada North Lithium Project flagship property is dedicated to exploring clean high-grade lithium energy metals in Nevada USA - essential for powering tomorrow's electric vehicles. The Company’s management team boasts a strong track record of delivering significant shareholder value. The Company is led by a board and... see more

TSXV:NILI - Post Discussion

Surge Battery Metals Inc. > Expect NILI stock to SOAR from Tuesday June 25 and onwards
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Post by deepoil0808 on Jun 14, 2024 11:14pm

Expect NILI stock to SOAR from Tuesday June 25 and onwards

On the TSX stock exchange, you will notice that most of the stocks are all trend lower, some making new lows.

This downtrend is not stock related.

It is fiscale policy related.   The Liberal government changed the capital gains tax rate on stocks from 50% to 66.66% effective June 25th.

That means that all of those institutions or big shareholders or even little ones, who are in a gain position on a stock will want to sell their shares and crystalize their capital gain at the 50% rate.

This pressure will continue until Monday June 24th and is creating a once in a lifetime opportunity to buy any stock you want at dirt prices.   Hence I have been loading up each day.

On June 25th, all of the profit taking will have been done.    

Those whom did not sell are either people who are breaking even or at a loss.

So what does this mean?   It means that starting June 25th we will have a massive order imbalance to the BUY SIDE.

No sellers left and a FLOOD of buyers flocking back into stocks as they want their shares back. 

Combine no sellers + a furry of buyers coming back in and we get a HUGE STOCK MARKET rally in the TSX stocks.

You have another week to load up, afterwards we trend upwards towards NEW HIGHS in September - October period. 

Good Luck, 
Comment by Strawboss1 on Jun 15, 2024 9:52am
I have to admit that this is the first stock I have ever seen that has a 100 % chance of making investors filthy rich . It looks like a no brainer. What could possibly go wrong ? I dont know if I will put a second mortgage on my house, but one way or the other I will see how I can load up 
Comment by deepoil0808 on Jun 15, 2024 3:51pm
There was a time when I used to follow closely the comments on stockhouse and Ceo.ca thinking it would bring some value, all it did for many years was bring me grief.  I still read the posts but with a very open mind and take comments made very lightly and will ignore perhaps 99% of the posts as they are just nonsense posts, to say any other word.  Alot of these posters are daytraders ...more  
Comment by Goldluck on Jun 16, 2024 10:10am
Nili is not going anywhere anytime soon because EV sales are down and consumers don't have much appetite to convert to electric in the near future.  Meanwhile your money is tied up  in Nili and not in NVDA where it could be making money.  Warren Buffett would see that.
Comment by Goldluck on Jun 16, 2024 10:14am
and btw Deepoil, not every one  has cash accounts.  Lots of TFSA and RRSP accounts out there that are not affected by the capital gains tax.
Comment by deepoil0808 on Jun 16, 2024 12:29pm
I  agree but I read somewhere that BANKS, as market makers, are responsable for 90% of the trading that takes place on the markets.  So it is these banking institutions that are locking in profit accross the board by dumping shares, hence you will see lower prices on almost all of the stocks. This selling pressure ends on June 25th, 2024 and these same banks will now want to fill up ...more  
Comment by sorrenson on Jun 17, 2024 9:08am
hahhahahaha  Yeah put a mortgage  on the house , cash in the kids college fund, sell your wife and daughters into prostitution. You can buy new better ones later.This is a sure thing like thousands of stocks that have evaporated  on the venture exchange..     This deserves Rosie    {^youtubevideo|(width)425|(height)264|(rel)False|(url)https://www ...more  
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