LTR 5.08% 93.5¢ liontown resources limited

New TA/Charting, page-14983

  1. 1,411 Posts.
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    @trent3727

    In December LTR is trading with their offtakes and probably more will be hitting the books Trent. Can you explain why PLS is not trading at $1.80, $1.50, $1.00, or 50c given they are the most shorted company on the ASX? Just because a company is being shorted, that doesn’t mean the company automatically goes into reverse gear and collapses in fear. I do get the attraction for shorters, but I think you know your assumptions are wrong. The only time in the future that shorting will work and give shorters a profit, is when there are normal cycles of pullbacks, which every single stock on the market is subject to. Which is why you see such fundies as State Street going in and out like ghosts. They work the cycles, downturns, and know when out is best.

    LTR will be a behemoth, with a lot of outside support. You will not see 50 cents after production. You will be lucky to see LTR at anything less than $2 once they kick into gear.

    Good luck though Trent, it’s always an interesting take from your point of view.
    Last edited by Gajet: 11/05/24
 
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Last
93.5¢
Change
-0.050(5.08%)
Mkt cap ! $2.266B
Open High Low Value Volume
97.5¢ 97.5¢ 93.5¢ $49.48M 52.51M

Buyers (Bids)

No. Vol. Price($)
37 2797617 93.0¢
 

Sellers (Offers)

Price($) Vol. No.
94.0¢ 341986 5
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
LTR (ASX) Chart
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