Come on man we all know that the seller list has no real indication. Got nearly 1.2M on the sellers list and I can barely see 200k going back up to 90. All the big orders get pulled as soon as they get touched. I mean I could place an order for 1M shares at 1c and then the buy side will have more!
As for your worrying signs, you say 30% up takes you to $1.12 but to get down to the 60s (lets say 65 just to call the mid way) thats 25% down. So same same. I personally don't think the Li prices has a further 25% to go down from these prices. Personally, there are still far more chances for a rise than a fall. I have no doubt that on the next announcement people will look to exit but I would say it'll drag the SP up higher than it is now.
No doubt that people will try to walk this down but so be it. You said you sold a large parcel yesterday, people already know your grievances'. Don't see why you need to stick around. Be like aurelex and come back and say I told you so if it gets into the 60s.
Gotta remember that most people are in the red. So cashing out now means a month wait until they can buy in, otherwise their tax losses won't get applied.
WR1 Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held
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