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grasschoppa

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02/07/24

18:39

Post #: 74574137
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Originally posted by grasschoppa: ↑

54 Million shares traded, but how many introduced sells into the market via being borrowed and sold from a third party.?
The value of LTR is being supressd by a large amount of capital via LTR shares on loan but this debt is growing like credit card debt.
We did win when LTR announced the ALB TO offer which did benefit the long players that exited, I think my rough guess from memory is it cost the shortside about 357 M$ to exit shorts. Lets call that Lithium armageden 1
The wisdom of the current short interest is yet to play out. I'm of the veiw that LTR is undervalued and the shorters are playing a waiting game with Mum and Dad investers.
The advantage that the short sellers have is of course, deep pockets, they can afford to wait out the weeker long hands and are only paying interest on the shares they have borrowed. Many Mum and Dad investers invested in fund managers and indices, are unwittingly funding the opposite team by investing in an array of fund managers that are then able to use our money to our detrement.
Trading LTR via charts etc is a nightmare because a large amount of capital is currently being used to drive our LTR SP downward. We the long holders and buyers believe LTR is a fantastically viable business model. I will sit and wait out the capital being used against me, lets see what the future brings.

RSI is indicating oversold

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Hopefully todays action will have something to do with Lithium Armageden 2.... pending BOOM!!!

LTR Price at posting: 95.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 95.5¢		Change 0.065(7.30%)		Mkt cap ! $2.315B

Open	High	Low	Value	Volume
92.0¢	$1.05	91.5¢	$32.20M	33.02M

Buyers (Bids)

No.	Vol.	Price($)
4	67883	95.5¢

Sellers (Offers)

Price($)	Vol.	No.
96.5¢	78226	1

View Market Depth

No.	Vol.	Price($)
2	43323	0.955
9	331901	0.950
9	175728	0.945
15	226869	0.940
6	172837	0.935

Price($)	Vol.	No.
0.965	78226	1
0.970	499288	15
0.975	50000	1
0.980	16000	3
0.985	61510	4

Last trade - 16.10pm 02/07/2024 (20 minute delay)

LTR (ASX) Chart

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