 Haha What's up money give some severe here welcome to another video guys. So in this video I want us to talk about ticket symbol L a C lithium Americas So this is a company that we've covered here on the channel. I've talked about it I mean break down what they're doing where they're going The past month or so we've had some really good news come out I've seen the price of the stock move and so or there was actually a pullback and then everything had some You guys on on the channel living comments and asking like hey, you know, I'm down in this talk What should I do? Should I cut my losses and run? I hope that you guys didn't do that because The stock price actually spike Today, so I want to give you guys some information on why I think the stock price actually jumped and maybe what you should do Next but before we get to the guys if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So Lithium America again guys, like I said, I've actually covered it here on the channel broken it down Why I think this company has a huge potential but again with you know, great Opportunity like this comes great risk. So this is a company that is still in the face of looking at No production. They're not producing lithium yet. They're not mining lithium yet They're working their way towards it and everything so far has been lining up In favor of the company. So they have two facilities one in Argentina and one in Nevada USA so these tacker passes in the rather USA. This is the one that just got some good news Last two months. We really got some good news that push the price of the stock up and if you can see right here That's nine hundred million Rates in debt and equity and stuff like that. So the two class locations Over 60% of the capital spend in building those locations and all this good stuff So you can read about the company again Just to get an idea of what they do this stock was sitting at about $19. I Think that was on Friday or so or just about somewhere $19 on Friday when the market closed and then got up Monday morning and just squeeze all the way up and went as high as 22 91 almost $23 and then just sitting somewhere around that 22 throughout the rest of the day And so if we look why this happened I think it's because of the Wall Street Journal like they actually wrote an article over the weekend As a matter of fact battery is ready to power the world. So they met the case for Lithium batteries and you can see here So it's about after a decade of rapidly falling cost the rechargeable lithium ion battery is poised to disrupt Industry and again key word here for me is disruption, which means that it disrupting the the other industry We're going from fossil fuel cars now to rechargeable Lithium ion battery cars, which is that's one option and that's the one that a lot of people know about They're not talking about hydrogen fuel cells just yet again in my opinion It's going to be a combination of those two. So that's why I talk about Hydrogen fuel cells here on the channel too so that you guys can have some position in those in companies that are doing that Like like fuel cells. So again, this is the article that they put out and they made you know a case for this again The whole thing is that they're predicting that you know in the next five years or so you're going to see the price of You know electric vehicle is going to be about the same price as a fossil fuel car Which is pretty much means people are going to go electric because if you can do it You don't have to worry about putting gas in your car You can just plug it at your house and charge it when you go to I don't know your grocery store Wherever you go Movie theater you can park your car and charge it and get in and drive and go and then it saves the environment I think it's a it's a beautiful thing so that's the case they're making because if you if you look at it lithium is used in a Whole lot of things in laptops. We use them in cell phones You know now we're using them in cars and the demand is only going to get higher In my opinion so the more people start adopting these You know electric vehicles we're going to see a lot of you know demand for lithium So that's where lithium America's comes into place in my opinion So a company like is that a sitting so close to stop producing a ton of lithium here in America And also in Argentina is really going to benefit from it and the advantage is that you're investing in this company When it's still in the early phases again companies like this are high-risk, so If you're putting money in this company know that tomorrow they can have some issues with their you know We know some paperwork or maybe the state can just decide like hey We don't want you guys to mine lithium in Nevada and next thing you know the stock goes down to zero So I want you to have that about your mind But as they continue to see good good news here again for me this talk price right now $19 price point was an excellent entry point Sitting right up here Again if you want to get into these I'll probably wait for a pullback, but I want to see this thing Let's move about a month ago. So let's see. So it was in a high here of 27 so that has been the high so again I am the $22 price point is not so about entry But what I want you to do is average your way into these positions Because when this thing was down at $19, I bet you most people was like, oh man, this thing is down I don't want to touch it people always go and start touching stocks when they are running up And then at that point you're not buying the bottom You're buying it closer to the top and then when it reverses your stock holding a bag So get into the heartbeat of buying when it's down like here when you start was here This would have been a great point for you to start looking like and I'm so mad because it started to go running I recorded a video when this thing was at 19 and I was gonna post that and then now the thing just kind of skyrocketed I'm like, okay, I'm gonna have to scrap that video and do this one. I'm doing right now So they made me do the video twice which I hate because I I was saying like hey here This is a place to buy this stock at that $19 price point start getting into the stock and building a good position so but again 22 is not a bad place to be if you want to buy say 300 shares again start with 50 60 just at least be into the stock As opposed to just hoping that it would come back because if it never comes back to you At least you have a position in there which you can add on to and they reduce your cost basis So that would be my strategy for this one Again, the catalyst that I think that drove the price of the stock here because most of the lithium mining companies Actually saw their price stock Jump but I'm talking about LAC because that's the one that we've been covering here on the channel I mean, I told you guys about this tag when it was still like they're at $10 and I said this looks like a fantastic opportunity So we're gonna keep covering this one here on the channel as we see any changes So let me know in the comment section what you guys think again if you're new to the channel We talk about how to earn money how to save money how to invest and build worth So that's something that interests you go ahead and hit that subscribe button and the notification bell to you Don't miss out on your content. Also if you're looking to get started with investing We highly recommend Weibo you get free stocks We get free stocks links in the description below and as always guys Do you do diligence? Don't be a greedy savage and stay motivated