Electra Battery Materials Corp V.ELBM

Momentum trap (hopefully not)

[Goatburner]

Good morning all. Certainly yesterday morning was an interesting time. It follows a series about four significant announcements from First Cobalt Corporation in the past 30 days. Most of us, rightly so, would expect the bump up on good news - not today. A lot of us, and I'm confident most of us probably did very well after the trading halt on December 16 th 2020. Many of us chose to go long and ride the thing as far as it goes. Fortunately for me, I took money off the table, but I know many of you didn't and choose to go long. Since the highs of of December 16th when stocks were in the high 39 cents 40 cent range - it is now down to around $0.30. if you didn't take money off the table at the highs around 40 cents you may now be trapped at 30 cents and possibly lower. Momentum trap. A new phrase I learned this evening. Now nobody want to take the money out because they are afraid the stock will go up if they do. Hence the phrase- momentum trap. I'm not saying it is - but it really is an interesting phenomenon and very common.

[WernerD]

It is alll about funding to get the refinery up and running. 30% are already secured, of which only 1/4 is repayable debt at the moment. This is a good way to create an intelligent financing mix. This will consist of equity and debt. Capital cann't be shaken out of the sleeve and it does not matter where the share price is tomorrow or the day after tomorrow. The only important thing is long

[blackredblack]

Werner and everyone else: Keep close with u......the chart will be helpful going forward.

[Toront]

I think share price will go up.  It was a normal dip in the in the last few days.

[AaronEggs]

Tell that to the insider that just sold before the financing, so dirty

[andre20]

hum...from Canadian insider,

[SHOWMEURKITTYS]

so basically everyone that financed is getting sclewed because shares are lower than finacing or i missing something? so shady at times. 456 shady at best. 50 cent warrants here we come!!!!!!!!!!!!!!!!!!!! reverse split here we come!!!!!!!!!!!!! 

[AaronEggs]

Financing never sets a floor, sometimes these lenders take the shares then short the heck out of the stock, it always goes below the financing level 

[Market84]

quick question should I hold or sell that stock right now?

[bestlnk]

Buy more!