3 Lithium Stocks to Keep an Eye On

Lithium Stocks LEXG, AMLM, LTUM


Lithium stocks have had a love-hate relationship with investors in the past year. This especially is true in regards to a slew of lithium penny stocks that have both made and lost tidy sums for speculative investors.

As complex as the lithium stocks story sounds to some, it’s actually pretty simple. Mainly because there are two major uses for this new, green energy technology. The first is the use of Lithium in Hybrid and Plug In vehicles. With the potential of rising oil and a commitment from the automotive companies, some industry experts feel that more than 50 million vehicles per year will be replaced by hybrid vehicles.

The second use for Lithium Ion batteries also hits home, and has to do with powering your good old laptop, and other portable electronic devices. Most consumers are looking for longer usage out of mobile products and lithium seems to be a solution to this issue.

Lithium Stocks Driven by Technology Advancements


Now, while many understand that worldwide demand for lithium could be on the rise in the near future, others feel that the the story is still a concept. Especially, in relation to lithium stocks, both micro cap and penny stocks. Many institutional investors often stay away from “concept stocks” in down markets. However, successful concept stocks are often in only in the 2nd or 3rd inning of their long term growth phase.

Today, we are going to look at three different names. All are super speculative penny stocks and should be viewed purely as trading vehicles just in case lithium stocks get hot again. Who knows. Maybe oil will go to $130 again ? Or perhaps we will see further demand for lithium in the Far East ?

For now, just add these three lithium stocks to your penny stock list. One industry based news story can change the sentiment for weeks. Here they are below:

lexg 3 Lithium Stocks to Keep an Eye OnLithium Exploration Group (LEXG:OB) LEXG was one of the biggest penny stock winners of the year, but it came crashing down after naked shorting and profit taking took over. The shares consequently never recovered. Much of the upward move was based on fluffy PR’s, but the stock does have a tremendous following and could be a go to name for spec traders if the sector gets hot.

 

american lithium amlm 3 Lithium Stocks to Keep an Eye On

 

American Lithium Minerals (AMLM.OB) Right now, American Lithium is as dead as a door knob. Back in April, shares spiked in sympathy of LEXG only to fall back to even lower levels. Watch this name at the 52 week lows. If lithium stocks somehow get hot again, there could be a nice opportunity in AMLM for high level percentage gains.

 

ltum lithium stocks 3 Lithium Stocks to Keep an Eye OnLithium Corporation (LTUM.OB) Shares of LTUM have recently been the best performer of the three. LTUM moved nicely on news of drilling at Cortez. This announcement only shows how little it takes to moves these stocks. As did AMLM, shares of LTUM also piggy backed the short term success of LEXG back in April. Out of these three lithium names, LTUM seems to be the furthest along on a fundamental basis and should be added to your watch list on a just in case basis.

Keep in mind that by no means are we saying to buy theses  at these levels, but they surely should be followed.

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Penny Stocks RPPR, LTUM

Blue Chips MSFT, EPD, USO


He are some names to add to you list of stocks. As always they range from large caps to penny stocks.

Microsoft (MSFT:NASDAQ)
After an earlier run this year, shares of MSFT seem to be stuck in the mud again. Even though tremendous fundamentals exist, MSFT has failed many times to stage breakouts. Today though, MSFT will receive some media play from the $8.5 Billion Skype deal. Maybe this will help change the sentiment of MSFT being viewed as a value play by some.

Lithium Corporation (LTUM:OTCCB)
Shares of this hot penny stock were down a little over 14% despite obtaining a permit to drill on one of it’s properties. Will penny stock dip buyers step in and buy for a bounce? Regardless of direction LTUM has been a nice trading vehicle with wild swings and should be added to your penny stock list if you are a speculative trader.

Enterprise Products Partners (EPD:NYSE)
Enterprise is on the largest MLP’s in the space. Shares were beaten up a little last week in sympathy with the group. Lower oil prices and the potential change in the tax structure of MLP’s still didn’t derail the goups monster rally. EPB just reported better than expected earnings this morning, so watch for a little bit more activity than usual in this one.

Aqua Star Holdings (RPPR.PK)
This green based pink sheets penny stock owns the top of many message boards today, knocking off mainstay Brazos International Exploration (BRZL.PK). Watch for sub penny stock scalpers to be active on RPPR today.

United States Oil Fund (USO:NYSE) Shares of this ETF are weak because of CME raising the margin requirements on oil futures. Please remember that USO is not as much of a pure oil play as most people think because contango often plays a role in the share price. You can use oil as a read today for the direction of other commodity stocks.

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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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