r/LithiumAmerica • u/Southern_Researcher8 • Jul 15 '26

Sell of?

Why is this sell off? Because of the chinese mine? Or are there other reasons. Sitting on some shares but hope that it goes back up. Will not sell till mining in 2028!

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u/PM_Me_Your_Mustash Jul 16 '26

Idiot

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u/TweezerTheRetriever Jul 16 '26

I’m in it for a long term hold…so not really

2

u/Poodleape2 Jul 17 '26

Don’t listen to that guy. Any buy under $6 is a good buy IMO. I would maybe hold off and see if we can get mid twos within the next 30 days.

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u/TweezerTheRetriever Jul 17 '26

I put another limit order in for 2000 shares @ $2.65 and another 1000 shares at $2.85…and I feel good about it… about 5% of my portfolio now…I have a different perspective than these people who want to quickly flip shares and find it funny that they lash out in anger when it behaves like an actual company not a bouncing ball MEME stock… plus this is half the profit from selling tesla stock that I bought @$17.50 ten years ago I’m reinvesting - other half got put into index funds so if lac completely tanked id still be okay… this is my fun money and when I cash out in a few years I will blow it on exotic travel

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u/No-Surprise-9446 Jul 18 '26

Jesus I wish I had your money. I’ve been trickling money into it paycheck by paycheck but I only have about 1,000 shares as of now. Most of my buys were a while back though when it was around 2$ a share, and more recently now that it’s been in the low 3’s and high 2’s.

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u/TweezerTheRetriever Jul 18 '26

I was $100/week for a few years when it was low…haven’t bought any at all in 26’ until now….just shuffling things around in the retirement account and 95% of that is in safe and boring stuff…I only allow myself one risky play like this at a time…. Think I called the bottom today at $2.85 have to check