Looks like JPM organised a large scale borrowing of LTR shares for shorters on their books.
So the shorters have already sold, and along with the sale of Albemarle stock has put a large down pressure on the SP. I wonder if Albemarle is itself one of the shorters ??
If that thesis is correct and shorters have already sold then today's fall is as a result of that news hitting the market, and a bit of panic - what's needed now (for retail and smallish prof. holders) is someone to hop in and buy at these depressed prices and put the shorters to the sword in a short squeeze.
Interested to hear comment - but anyway my sentiment is still BUY.
DYOR, not advice.
Ann: Becoming a substantial holder, page-21
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Last
88.0¢ |
Change
-0.005(0.56%) |
Mkt cap ! $2.134B | |||
| Open | High | Low | Value | Volume |
| 89.5¢ | 91.5¢ | 87.5¢ | $11.77M | 13.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 291106 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 19949 | 1 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |