Ann: PLL: Piedmont and Sayona Announce Merged Co.Name and Board, page-107

Hi Chris.

I'm not too sure myself as I don't follow LTR that closely, so I'm mostly unaware of the fundamentals driving that Co.

All I know is the increase in short positions, despite the SP continuing to fall, tells me it's going lower. How low?

Purely from a TA perspective, perhaps 30 - 35 cents isn't out of the question. So what's that? $700m MC? $800m MC? That could be a base & it might trade sideways for a while.



The shorts are piling on for a reason.

A lot of lithium stocks continue to make new 52 week lows recently, so investor sentiment keeps getting hammered.