Insider Buying Week 4-21-23 Lithium Stocks Crash, Director buys more Lockheed Martin, and the Curious Case of Domo
Reuter’s headline news Friday that Chile is nationalizing the vast lithium deposits sent Albermarle and the rest of the lithium economy into a tailspin. More than half of the estimated global lithium resources are located in the salt flats of Bolivia, Chile, and Argentina, much of that in Bolivia. For the time being, lithium stocks are uninvestable. Think Casear Chavez and Chevron’s disastrous write-offs in Venezuela. It will be interesting to see if there is any insider buying in the world’s largest public producer, Albermarle. Perception usually trumps facts when it comes to stock market investing. The repercussions of this … Read more