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I definitely view this as a commodity play. The ups and downs tended to follow the commodities in general until it suddenly became the redheaded step-child.
http://finance.yahoo.com/q/bc?s=HAP&t=2y&l=on&z=...

I originally bought it as a lithium play years ago and realized it ran much more with potash when I got an unexpected quick ride up as potash became the speculators' darling of the day. I sold close to the top and then set a low ball price alert at a price where I thought it might be worth buying again. A few years passed and earlier this year I received my alert and started watching SQM more closely. I was watching my buy signals while also trying to decide whether it was fundamentally worth another investment when it got caught up in the potash plunge. I think now I will consider stepping back in when my signals suggest that the knife has truly stopped falling.

Smufty
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