No, unfortunately I did not follow my gut feeling and I did not buy before the consolidation. Yes, I kicked my self for not buying and missing on a >30% profit, but this is now water under the bridge.
I am happy that i finally bought today at $9.9 and I am already a bit ahead. I am not too concerned about the large fluctuations because I plan to be a long term holder. I will buy the dips and may sell a portion occasionally, but it is not my style to day trade. I am confident that I will do well long term with this great stock. Lithium America is the third lithium company I buy. I also own a couple of Australian junior companies that are already mining lithium. I plan to buy a couple more junior lithium companies that have a realistic chance of producing in a couple of years. Lithium America certainly fits this mold and I am very happy it is now in my portfolio. I am extatic with the rapid rise of the stock, but I also look forward the steady albeit slower rise we may see when things settles. The lithium story is real and the boom should continue for several years if not longer.
It is mybunderstanding that some people are still having trouble buying the stock due to problems in their brokerage accounts. If this is the case, I woul expect the trading volume to rise considerably when these problems are fixed in a few days. Please let me know if this is the case or if I am wrong.
Thanks and good luck to all!