LTUM – Lithium Corp

Is LTUM the Next LEXG ?

Lithium Corp. (LTUM.OB) is an exploration mining company that issued a positive PR yesterday. However, that wasn’t the reason for the shares of  LTUM turning into one of the super hot penny stocks yesterday and tripling in price. Quite often, on our stocks to watch list, I highlight sympathy plays. A sympathy play is a stock that to some degree mirrors the performance of  a stock that is moving, The performance of the sympathy play is almost purely based on how the hot stock does. In this case LTUM and a few others made massive moves on the back of LEXG.

Now, can LTUM continue to rise after yesterday’s sympathy move ? It could and I will give you a good reason if it does. Everyone wants the next LEXG, and LTUM is one of the more well know lithium mining penny stocks. From this level, I am not guessing where the stock goes, but shares should be active on Friday. Swing traders, penny stock scalpers, and naked shorts all should be coming out the woodwork soon, as they do in most hot penny stocks.

Lastly, the sympathy play on LTUM started when the stock was under 40 cents yesterday, ended when it hit $1. Now the shares probably trade on their own merit, and this is why. There is one key factor for LTUM today, and it’s pretty simple. Where will LEXG profit takers go with there funds. If they roll into to LTUM, buying sometimes begets more buying. Then this one could get crazy, these penny stocks mining plays can go the other way too, and are very risky. We are not making a market call here, but certainly add LTUM to your penny stock list and do a little do research.

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