Friday, April 29, 2011

Oh how I MISSED THE LITHIUM Debacle - Still a Trade

All the Short Sellers were screaming to short LEXG.OB last Wed....and they were right. I tried and tried to pick up shares through various accounts to short at over $10 yesterday...

Although LEXG and LTUM are up, If you can short these, both are still headed south after the shorts cover...wait for another "break" in the stock to get in...I REALLY believe LEXG may be under $1 soon. Definitely will see $2-$3 again.  Its a TOTAL FRAUD of a company with 1 employee and yet they pumped the stock to over $10.50 (and a $300MM market cap). LTUM isnt much different.

If you like shorting and use "Interactive Brokers" or SOGOTRADE, you should be able to short these. Good luck

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