Wednesday, January 6, 2010

lithium again

Okay, so I've been keeping an eye on my coal stocks (up 28% in three days) and took my eye off lithium (up 29% in two days).

I must be gettin' old.
Western Lithium is on the move and I'm asleep at the wheel.

Now SQM (a Chilean mining company) is the world's largest lithium supplier.
Further, doesn't the Chilean stock market open before the local market?
So I should be able to check SQM early and decide whether to buy WLC.
So I whip out a spreadsheet and find there's little correlation (19%) between the movements of SQM and my lithium stock.

Life ain't fair!


 

4 comments:

  1. not at all fair. just found your blog, really enjoy it.

    btw i was wondering about this which i commented in your recent post:

    "Is HariH a blogger? I'd like to see what anyone with that good of a forecast has to say. Thanks!"

    thx

    ReplyDelete
  2. HariH is a member of this discussion forum:
    http://www.financialwebring.net/forum

    If you do a search on HariH you'll find all this posts.

    ReplyDelete
  3. P.S.
    "... you'll find all HIS posts."
    :^)

    You should join the forum.
    It's great fun and the 2010 predictions contest is starting again (tho' I've given up organizing it):
    http://www.financialwebring.net/forum/viewforum.php?f=40

    ReplyDelete
  4. Great, will check it out. Thanks

    ReplyDelete