Member Trade Alert: $ALB Momentum-Steady as the World's Largest Lithium Supplier

BotTrigger Trade Alert: $ALB bought @ $113.88 a 5% allocation. We have continued accumulation uptick occurring steadily week after week on this name, and with each consecutive price breakout to new highs, we see that breakout occur in the accumulator readings as well. ALB is clearly in a very strong uptrend that is trickling steady to the upside. We've been waiting for a market correction to scoop this up lower but it's pullbacks have been to shallow relative to market under performance. This trend has plenty of merit to run for a while and can easily be above $140 by end of year. ALB has come out of a 5 year long consolidation lull from 2011 to 2016. That breakout from the consolidation box is shift in sentiment. Why? Because this is the worlds most dominant source for lithium. As the world starts to shift gears and feed the creation of a new infrastructure, most notably with hybrid & electric cars for example, it's procuring massive amounts of lithium to feed the beast. Albemarle is a global specialty company chemical company that has a very focused segment of it's production into lithium. ALB is the biggest of the top 3 lithium plays out there. The company owns lithium brine operations in Chile and the United States, and also has a stake in a mine in Australia. So the trend is very much commensurate to global demand. So we're getting long to ride this trend until we see signs of a stall. As always, we'll update Members when that time comes. For now, this is trend worth having a stake in.

Some of the greatest pearls shared by Jesse Livermore:

“Money is made by sitting, not trading.”

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

“Buy right, sit tight.”

“Nobody can catch all the fluctuations.”

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

“It takes time to make money.”

“Don’t give me timing, give me time.”