you are completely wrong about your reasoning.
It is IMPOSSIBLE that a stock goes from $1 to $10.70 on this huge volume unless there's a big portion of the shareholders that are long term believers.
There were no claims on the press releases or on the stock reports that suggested the company was any close to mine any lithium.
Projections on production launch are set for Q4 2011.
Investors in this stock were NOT looking at current fundamentals, but to the huge potential of this industry
others, the traders, were just chart & momentum players
selling came mostly from short sellers and scalpers.
once they are cleaned out, the stock will form a new uptrend.
Mark my words. Uptrend begins between Monday and Tuesday.
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