Lithium bubble is bursting, page-46

We know a couple of things, like on a normal day LKE trading volume is in the vicinity of 10 million. We know that when people short a stock, the share price goes down and the volume goes up. If we speculate that when shorts close their position, the price will rise. If we subtract the number of shares sold on the up days from the volume sold on the down days, we can make a rough estimate of how many short positions are still open. The large volume and share decline started on the 17th and the price only rose on the 24th. Volumes varied between 21 and 106 million.
By my rough calculation, 385 million have been shorted, and 91 million have been closed. That means that there's up to 294 million yet to be closed. I know that this is a very rough calculation, but the point is that there is still a large number of positions that need to be closed and this presents us with a fantastic opportunity if you can see it.
The shorters knew that if they flooded the market with sell orders that the share price would tank, but we know that they have to execute massive buy orders. They win if they can induce panic and make an orderly exit.
And yes I know that all the sell orders are not just shorters there are also people who hit the panic button and stop loss orders that were triggered, but I have no method of identifying who they are in all this mess. Happy to be corrected if people see holes in my thinking.