New Lithium Related Article, page-623

The shortman data from yesterday showed the update from 30th August. A day we were heavily red, yet 0.61% shorts were closed off.

Plenty of retail are buying too, the recent broker data showed that. But the short cover we saw was imo retail panic selling. You get both at these high pressure moments.

If the shorts were pushing it down, the short level wouldn't have dropped, it would have gone up. As you say, the insto's aren't reducing their holdings, so that leaves retail shares being snatched up to give us the short level drop I mention above. Sentiment here has sure taken a dive by many, that goes hand in hand with reduced holdings as well.

I will be watching with much interest at the level change in todays update for 31st Aug, another red day, and the following day, etc etc.