yes, we appear to be going lower before this catches a bid. Demonstrates the sheer scale of momentum buyers that entered higher. They are still been manipulated out of their stock. And as for LTH, they are still sitting on profits and don’t have the purchasing power alone to defend the SP.
its a Massive flush out trade from the instos, who are also short to maximise returns. They picked it perfectly.
I think a decline in outstanding shorts will be the first indication of the bottom. That covering may be the first sign instos are on the other side of it. Until then, they will keep taking stock from panicked and exhausted holder in loss.
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