ABML is a long long hold for those that bought during the hype. You either hold or take the L at this point.
There are far too many retail investors trying to use the market as a casino & like the casino usually the house always wins.
For those of you holding, it is going to be a long long time before those huge gains are realized.
This stock got pumped and dumped....destroying a lot of 'hype' with a hard reality check.
ABML tech could be amazing and valuable, but for now it's a dirt field of dreams to most bears.
Good luck.
anothernic
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@TradeOgre, Agreed. Saw too many traders trying to pump it in chats; even bought in around 3.75 before selling a couple of days later at a tiny loss. Its an interesting concept with a company that might do great things in the future, but right now the fundamentals of their revenue isn't indicative of profits this year.
TradeOgre
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@anothernic, Good thing you got out quick imo. I tried to tell friends WAIT and see if the pilot plant produces results. Try to avoid meme stocks unless you day trade extended hours on a margin account.
Trying to explain to friends and family what is a meme stock versus fundamentals has been an exercise in futility. The news and market 'experts' keep hyping these pump and dumps, while failing to explain how to trade outside of Robinhood, Stash, etc.
ABML really could land some great deals with EV manufacturers and green energy developers IF their pilot plant can truly extract HIGH QUALITY Lithium from old junk. They have some of the right connections, but the leadership is suspect in many ways. Throwing around the TESLA name in their new hires felt like an attempt to make a connection they so far have no chance of making....but perhaps it was just an expertise hire, not a name drop?
Nevada is part of a larger Lithium 'Gold Rush' - but like the Klondike, most miners never made as much as the guy selling the pickaxes. We will have to see how it all plays out, but like you I don't see ABML making a dime for years. If they screw up this pilot plant project investors are going to get hung out to dry imo.
Phrank
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Just doubled my position again. Ready for a move upward.
There are far too many retail investors trying to use the market as a casino & like the casino usually the house always wins.
For those of you holding, it is going to be a long long time before those huge gains are realized.
This stock got pumped and dumped....destroying a lot of 'hype' with a hard reality check.
ABML tech could be amazing and valuable, but for now it's a dirt field of dreams to most bears.
Good luck.