But what happens if the lithium price kicks hard???
It looks like we are going to test how strong any possible divergence is between share prices of AKE, PLS etc versus CXO. The aforementioned stocks look like they are heading north whilst CXO is being constrained by the hoard of shorters hanging around.
My guess is: with any meaningful price-led movement forward, we will see a huge bounce in CXO price largely driven by short covering. The rubber band is getting tighter...... I'll be there when it snaps!!!
Banter and general comments, page-26468
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Last
9.2¢ |
Change
-0.003(2.66%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 9.4¢ | 9.4¢ | 9.0¢ | $814.8K | 8.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1030339 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 477478 | 15 |
View Market Depth
| Last trade - 14.31pm 30/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |