LAC
📉 The speaker recalls strongly advising against investing in Lithium Americas (LAC) in the past, labeling it ‘basura’ (trash).
🏢 The negative assessment was based on both technicals (broken support, downtrend) and fundamentals (small company size – ‘Pyme’, lack of profitability).
🔻 The stock subsequently fell significantly (58% mentioned), validating the initial bearish stance and highlighting the risks of investing in hyped sectors without solid fundamentals.
@marcosemmimfp:
“The worst was LAC, but LAC was here. They recommended it on TikTok; they recommended it. LAC was the best, the best of the best of the best, sir. To hell with LAC. There it is, there you have the video about LAC. ‘LAC is trash,’ I said. ‘How can you say that, you son of a [ __ ]?’ They cursed me out for everything… ‘Lithium, you’re a son of a [ __ ]…’ They told me everything… ‘What do you know about opinions? You probably just trade fixed deposits…’ They told me everything, they really cursed me out when I made this video about LAC. I told you, ‘Don’t buy this, this is [ __ ], this is trash.’ I told you, ‘No, because lithium, lithium…’ I told you, ‘No, because for lithium, you need to do underwater mining for all the cars.’ They were already hallucinating, right? Electric cars in Argentina… A huge FOMO. ‘No, because it’s at the bottom,’ that was the other thing, ‘it’s at the bottom,’ they told me. I told them, ‘No, this isn’t at the bottom.’ This, mostly because of the chart… downtrend since September, I mean, since November 2021. It breaks important support, breaks it, rests on it, recognizes it as resistance, and falls hard… When I started doing the fundamental analysis of this company, I said, ‘No, this is screwed.’ This was a small/medium enterprise (Pyme), literally. This is… I mean, it’s not Barrick Gold, say, a mining company. This was a Pyme by market cap, a bad Pyme, and it wasn’t making money, literally… Currently, this has fallen 58%. Even if it’s for 10 years, for me, it’s very sad… for it to fall 58% is a lot. Why? Because later, the company, if it fell 58%, to recover that 58%, the company has to rise 167%… Now you tell me, ‘Hey, LAC, still don’t like it?’ Yes, but you are within a trend… you are within a relevant price for the company. I don’t like it; I still don’t like it.”
Watch the exact part of the video where @marcosemmimfp talks about Lithium Americas Corp. here:
Watch the video on YouTube
Read more articles analyzing Lithium Americas Corp. (LAC) at the provided link. LAC stock.
