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Re: RenixWaters post# 529

Tuesday, 12/05/2017 8:38:11 PM

Tuesday, December 05, 2017 8:38:11 PM

Post# of 613
Hi Renix,

I want to tell you that I feel your pain because I am going through the same thing. Etailer and Retired alluded to profit taking and the holiday season as possible causes for the drop in SP and I don’t disagree with them. However, I think that that the lower SP is also due to manipulation schemes to get stocks out of weak hands as I mentioned in my previous post. I do not have proof for this, but it is the only way I can explain the substandard SP performance despite of the recent huge announcements from Galaxy. I also believe in this theory because I have gone through this type of situation several times in the year and a half that I have owned Galaxy. It got very frustrating at times but eventually paid off every time. As others mentioned, I believed in the company’s fundamentals and I remained patient until I was rewarded. I also bought Altura and Orocobre, and I think I owe part of my success to the combination of lithium companies I own. I am currently diversified in 5 lithium companies producing or close to production, which I may reduce to 3 or 4 companies at some point. I think others in this and other lithium forums follow a similar approach. Galaxy is currently my biggest holding and I plan to hold on to it. I see it as the most fundamentally sound lithium company in my portfolio, even though its most recent performance has disappointed me. I also believe that the factors that are pushing the SP down will soon decrease to allow the SP to rise to the much higher levels it deserves.

I do not know if this helps, but I just wanted to express that I very much identify with how you feel and I also wanted to share with you how I choose to deal with this situation.

I wish you the best with your investment decisions.

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