RE:RE:Still a good stock or not?maximusmoola wrote: “To hold, or not to hold, that is the question”. By William Shakespeare
Yes, good question!!
Bestemballeur wrote: Should I hold?
If there is something I learned with my experience on the stock market is that price fluctuations are not a direct indicator of a specific company's performance. It is a price, not value your paying. Its just a matter of doing your own reasearch and seeing if you believe that the price < value. If you follow this and set yourself clear targets in and out, you will be profitable.
In the case of Nemaska, the recent drop may be due to the delayed financing but, if you look at the market overall, almost all lithium stocks have pulled back since the late 2017 run. Nemaska is not immune to those big market moves and it's nothing alarming for the firm in particular. I believe that now is a great time to buy or buy at the release of financing, why? Look at the vertically integrated process they created, their lithium mine, their technological process, their low exploitation costs, their relationship with top battery producers, their proof of concept with phase 1, etc.
My opinion is that in a year we are extremely likely to see price way up the 2$ and into the 3$, not under the current level. There are so many large reliable institutial firms backing this project and all long-term indicators are just too bullish for me to sell my position.
On a quick note, Ive seen big ups and downs on the cannabis sector. I sold my position last summer at a lost money when if I had just looked long-term and sticked to my guns, I would have more than tripled my money. Lesson learned.
Cheers everyone and have a good week,
BearlyBullish