LKE chart, page-1233

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rolf2903

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23/06/22

09:46

Post #: 62152974
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Originally posted by gassed: ↑

rolf2903. The buyers appear to be taking all of the .80's 1,272,,766. Yanks closed @ .85 after very low start. Can only wait and see, the shorters are the mystery factor. Otherwise, the basic fundamentals haven't changed, except!!!!
Over 1 million subscribers to MF have read this!!!!!
Why is the Lake Resources share price crashing?
The Lake Resources share price has come under pressure this week following the shock exit of its CEO and managing director, Steve Promnitz.Promnitz had been leading the company since 2016 and left with immediate effect on Monday.
The former CEO made no comments in the announcement, which is rather ominous. He also left the company with 10.2 million Lake Resources shares in his portfolio.
Though, judging by a large block trade of 10.2 million shares at $1.19 per share for $12.138 million just after lunch, Promnitz could have already sold off his holding.
In light of this, investors appear to be panicking that something is wrong at the company and have been selling down the Lake Resources share price today.
One group of investors that will be pleased with this decline is short sellers.
While Lake isn’t anywhere near to being the most shorted share on the Australian share market, recent data from ASIC shows that short interest has been rising strongly over the last few months.
What’s next? Given the sharp and sudden decline by the Lake Resources share price, the company is likely to be hit with a price query from the ASX. If that’s happens, it will have to give an explanation for the decline and, if that reveals that nothing is wrong behind the scenes, the selling pressure could ease."

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reckon you will now the days direction within 20 mins of opening. If its starts red and they take it green quickly (or it opens green) then i suspect a strong bounce. Otherwise... who knows!
Waiting for an ASX price query could last forever given how totally incompetent they are. I wouldn't expect one... unless it bounces then they might hit you for rising too quickly.

LKE Price at posting: 84.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $60.90M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.6¢	$18.11K	495.7K

Buyers (Bids)

No.	Vol.	Price($)
28	2050819	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	286190	12

View Market Depth

No.	Vol.	Price($)
28	2052130	0.036
50	2820003	0.035
13	923637	0.034
11	1646606	0.033
9	1019044	0.032

Price($)	Vol.	No.
0.037	324243	15
0.038	1928237	11
0.039	405269	7
0.040	993096	14
0.041	1499539	7

Last trade - 15.58pm 02/08/2024 (20 minute delay)

LKE (ASX) Chart

LKE chart, page-1233

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Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Buyers (Bids)

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LKE chart, page-1233

Top Stories

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