Lithium Unicorns and Alternative Energy Storage [View article]
XIDE is interesting because it had Jeffrey Gendell's hedge fund Tontine Associates as one of the largest shareholders. Tontine's funds have had a horrible year, with one of their funds -91.5% for the year. They've been liquidating and had to close 2 funds and have been trying to find out what to do with the companies in which they are the largest shareholder (XIDE is one of the 8 they are the largest holders). This is why paying attention to institutional/hedge fund ownership is a must in this environment. We covered their portfolio just yesterday here: www.marketfolly.com/20...
Lithium Unicorns and Alternative Energy Storage [View article]