Just this morning Fred Lambert from electrek dropped an article about Tesla visiting a graphite mine and factory in Quebec. What most don’t know is Nouveau Monde Grahphite (NMG) believes they are sitting on the biggest deposit of graphite in North America. When a tiny company gets visted by Elon’s TESLA, it becomes a story stock that can gain massive momentum.
My trade plan is as follows. I like the $7.50 calls but they are not liquid — YET!
The stock is in play for me above $6 and has nice range to the $8’s and maybe even $10’s depending on how this story plays out. This is an excellent catalyst for a swing trade and I’m very interested.
Stay tuned and I’ll look to send you an interesting ‘story stock’ at least once a week.
The diary of a retail trader,