Serious question...
With the ALB bid looking a lost cause and the shorters pilling in, there is a good chance of a decent drop in the shareprice when ALB finally pull the pin.
At what level will the shorters look to cover?
I would expect at least 20% return for the risk ( 60c dip) but what do people think? It fell from 3.19 to 2.50 pretty easily before.
I want to be ready to jump in ahead of them and I've got the credit sorted with my broker even though there is still no LVR on LTR.
ASX Today, page-33243
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Last
77.0¢ |
Change
-0.020(2.53%) |
Mkt cap ! $1.867B | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 79.5¢ | 76.5¢ | $7.899M | 10.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 49526 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 386841 | 12 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |