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LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-61

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20/01/23

09:29

Post #: 65787460
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Originally posted by anatol ↑

I'm not going to answer any of those baiting posts.

The reason for shorting is not because LTR has bad fundamentals, but it's because the BVS group want to buy large stakes in LTR IMO.

It's not about hedging either.

T
he volume is too low now because everyone knows the value of LTR now and not selling out IMO.

The shorters will have to push the price up if they want to buy more.
They can only buy by using the method of two steps up one step down, two steps up one step down, again and again.

If they sell more to drive the sp lower by shorting, then other people who believe in LTR's fundamentals are buying (like Scarpa and many others) if any shares available for sale from genuine sellers which are very little.

The shorters are hardly keeping the sp at this level by shorting everyday a little bit more. But their shorts are over the roof now. That's why LTR is 2nd in Fintel's list.

It might be the 1st tomorrow.

More probability of short squeeze for them.

Expand

"The shorters will have to push the price up if they want to buy more.
They can only buy by using the method of two steps up one step down"

You forgot to mention there is another way to cover and that is to cover off market after a placement t0 instos and sophs to raise capital.

LTR Price at posting: $1.50 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.23		Change -0.020(1.61%)		Mkt cap ! $2.970B

Open	High	Low	Value	Volume
$1.20	$1.24	$1.19	$7.736M	6.340M

Buyers (Bids)

No.	Vol.	Price($)
4	43813	$1.23

Sellers (Offers)

Price($)	Vol.	No.
$1.23	5420	2

View Market Depth

No.	Vol.	Price($)
4	43813	1.225
10	282026	1.220
5	59749	1.215
6	58861	1.210
3	31500	1.205

Price($)	Vol.	No.
1.230	5420	2
1.235	14238	1
1.240	4500	1
1.245	65671	5
1.250	342138	7

Last trade - 16.10pm 01/05/2024 (20 minute delay)


Last $1.23			Change -0.020 ( 0.80 %)
Open	High		Low	Volume
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