Nemaska Lithium Inc NMKEF

RE:static share price - prayer and a dream

[Nic777]

Bcoldtimer, Glad to see you picked up some NOU. I don't think you'll regret it. I'm foreseeing at least a couple of catalysts over the next few months. The demo plant starting production in June shall make some news as I don't think these guys will have problems placing some graphite with strategic buyers. Good luck!

BColdtimer wrote: A few months ago this stock was trading like 1 to 2 million shares a day with 5 to 10 cents volitility. 

I think it was a day traders dream.  Even when it was slowly dropped.   When it was between 1>70 to 1.95 even i though why not..... I sell 10,000 shares into the ask, at 1.93 in the first 30 min of the day, (which is 6:10 AM for me) and head to work, check on it a few hours later and buy back those same 10,000 shares back at 1.89 or 1.91, and put a couple a hundred bucks into the account.  

I thought I was brilliant. Some times it would be $800 bucks.. But you know what happens as it falls to 1.60 then 1.40 and now at 1.30, the weak hands bail, and now the remaining shareholders are the firmly committed. Or as a few bloggers here might refer to us as the ones who need to be comitted for falling in love with this stock.

And here we are now with less than 500,000 shares a day, a spread of 2 pennies in a day, institutional traders selling back and forth amoungst their own accounts with Iceberg trades and every now and then they spike it down a few more pennies only to see it creep back up to 1.30. Rarely are there trades in the 10,000 range and the stock is moribond.

It is not even worth the effort to day trade it any more if that is your passion.  Those hands have probably migrated to the weed stocks. Only the investors that believe the EV revolution will transform the auto and energy markets are here now with their long positions, or waiting for it to get back to their cost at least.

I wish I had already had sucessfully invested in a few other mining near producers before the fall of 2017, so I would appreciated better the rise and the fall of this stock and better take advantage of the 1.30 stock price, instead of my average costs of 1.84.

If I had the balls to sell my whole position in the first 30 min of almost every trading day since January and buy back 5 cents cheaper in the day or even a few days later, I would have easily walked it down to 1.30 by now, just too afraid on missing any surprise movement upwards.

I'm pretty sure we are going to see any volitility until every thing is in place, and then I think it will only be a slow rise.

We really have to await insitutional investment in this stock.

I do believe that this stock is worth $3 right now if all the financing was in place and the funds were released, and the mine work commencing.  And I base this on LAC. Plus I beleive it is ultimately worth more than LAC, becuase of it being in North America instead of South America, and becuase of the processing plant.

So it is a long position, although I may swap some out if Tesla gets below $220 USD which I think it might having dipped below $250 a couple of times in the last month.

I've picked up some NOU as well at 29.5 cents, not much mind you.  I'd like to get about 50,000 to 100,000 shares of this down the road at that price. You can't day trade that stock, not enough volume or volitility.

I digress:  NMX is no longer a day traders dream, just us fools hanging in on a prayer (and a dream) I guess.