Easiest 40 bagger, short squeeze imminent, page-763

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10/08/22

14:29

Post #: 63034392
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Originally posted by Mozza01: ↑

Hey FB,

I'm thinking that the exclusion of LKE in the ASX200 is what the Shorters are trying so very hard for.....to then allow them to bank on a large inflow of shares coming onto the market from Institutions bringing the price down enough to close out their positions at a lower price point.

They seem to be throwing everything at it over the last couple of days and are using up a lot of ammo to try to achieve this outcome....but they don't seem to be able to bring the price down - only slowing the rise and temporarily capping the price at various points throughout the day. It will be an arm wrestle through the day between Buyers and Sellers. I'm expecting to see them throw everything they have at it in the last hour of trade again, similar to yesterday.

The way I see it, if they cannot bring the price down on no news, what chance do they have of doing so when the expected announcements start to drop over the coming weeks? I think that the timing of these announcements is going to coincide with the ASX200 assessment period and this will ensure that we maintain our spot in the ASX200. This closes the door on their exit strategy and they will have to buy back on market (at a premium) along with everybody else trying to get in on LKE. If an earlier post on these LKE threads is anything to go by, the borrow is getting very limited with at least one source shutting up shop with nothing more to lend.

I'm only speculating - but gee I'd like to see things pan out like that! The Shorters certainly won't. I think that any Shorters out there with an open position would be best served by bighting the bullet, swallowing their pride and closing out their positions before the imminent announcements.

Very interesting to watch.

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@Mozza01, am I correct in my interpretation? In a couple of weeks, you don't want the Shorts to look & say like...

LKE Price at posting: $1.29 Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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(20min delay)
Last 4.1¢		Change 0.001(1.25%)		Mkt cap ! $66.74M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.0¢	$210.8K	5.116M

Buyers (Bids)

No.	Vol.	Price($)
34	2865187	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	542258	11

View Market Depth

No.	Vol.	Price($)
31	2686080	0.040
17	950689	0.039
16	3233255	0.038
16	1649238	0.037
18	1387702	0.036

Price($)	Vol.	No.
0.041	667210	14
0.042	1096200	8
0.043	2045999	12
0.044	689003	9
0.045	606848	6

Last trade - 13.13pm 30/09/2024 (20 minute delay)

LKE (ASX) Chart

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