PSH has started a short position in LEXG stock at an avg. price of $7.60. See our intra-day alert here. The idea is to build this position as the price swings in day-to-day trading, then cover on the first leg down.
To compensate for risk, PSH is trading Lithium Exploration Group (LEXG) stock short on a momentum-basis. For instance, by short selling LEXG stock today at $7.60/share we covered that trading position at $6.70/share for a 13% gain. This contributes to short-term profits and allows us to build our longer-term bearish position.
Here’s what you need know:
Lithium Exploration Group (LEXG) has a market cap of over $370M- Lithium Exploration Group (LEXG) has no assets (zerooo)
- Lithium Exploration Group (LEXG) has at least another 450,000,000 shares that they can and WILL ISSUE (hello dilution!)
- Lithium Exploration Group (LEXG) is exaggerating their operations and hence “potential value” (they’re worth a margin of their current price)
The $3,296,800 promotion that is currently lifting the price will end far before “operations” at any LEXG mines begin. Coupled with the questionable past of the CEO leading this charade, it gives us great confidence that LEXG stock will drop significantly in price from these levels.
For now…we play our game.
Here’s a link to the twitter alert we put out this afternoon on LEXG.