LTR 1.82% 81.0¢ liontown resources limited

LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-4503

  1. 1,948 Posts.
    lightbulb Created with Sketch. 18
    The market makers being the investment banks with massive market power have placed correctly that the lithium market was overdone and placed large bets that the market would fall - fair to say they have had a big part in engineering this capitulation.
    I made a quick investigation of Goldman and Potters both have divergence in fair value for LIONTOWN GS value at $1.10 while Potters stick by $1.50 plus
    The market makers moving the stock outside the top 100 understand that LTR no longer attracts investors from index funds which leaves the hedge funds as potential players.
    computer trading is pretty sophisticated so any short covering will be well disguised looking at open shorts as a guide is tricky as shorts may not match out positions leaving the illusion that it’s still at X percent.
    The part that isn’t disguised is volume so for any short covering to appear there needs to be a violent shift in daily volumes
 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
(20min delay)
Last
81.0¢
Change
-0.015(1.82%)
Mkt cap ! $1.964B
Open High Low Value Volume
81.5¢ 82.0¢ 77.5¢ $15.36M 19.24M

Buyers (Bids)

No. Vol. Price($)
3 37388 81.0¢
 

Sellers (Offers)

Price($) Vol. No.
81.5¢ 95789 12
View Market Depth
Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
LTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.