Orwell, also have to disagree with your post on a few points
At that mid May sell, there was not a large quantity of shorts available thru DMA providers, it was drastically reduced to almost a point of why would one even bother looking.
Also, imo the tax loss selling may have had a small effect in the slide, but the main and quite obvious reason why, was cause of the pro selling in that week ending 10May... Almost 170M was collectively involved in a most definite pump, and from that point until the middle of June it had no support.
The support or buying back can easily be seen as well, ever since then it began the normal motions of being in the life of a TR.
shorts covering, page-68
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Last
$6.35 |
Change
-0.050(0.78%) |
Mkt cap ! $5.935B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.47 | $6.34 | $19.83M | 3.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11865 | $6.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.36 | 3637 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |