As many have highlighted - this is massively oversold.
Why? Because the shorters want it so. They jumped on the report like Christmas came early and took control of the narrative. They have massive short positions that need to be covered, and they want it to be low as they cover.
Sell if you need to, or if you want to. Personally I am holding, and have added to my positions.
I am confident a lithium producer at this price will come out the other end just fine.
Banter and general comments, page-29798
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10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.8¢ | 10.0¢ | $530.2K | 5.073M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 214 | 14378761 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 854495 | 13 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |