LTR 5.54% $1.28 liontown resources limited

I agree, IMO we could see high daily fluctuations in the SP in...

  1. 346 Posts.
    lightbulb Created with Sketch. 718
    I agree, IMO we could see high daily fluctuations in the SP in the foreseeable future.
    I experienced this once with a share in the MDAX named 'Ströer', in which I was highly invested and had lost a lot of profit money.

    https://www.capital.de/geld-versicherungen/leerverkaufsattacke-auf-stroeer-wird-fall-fuer-staatsanwaelte

    please use your translator

    The scenario was:
    A demonstrably lying false report (alleged irregularities in the balance sheet) by the American hedge fund 'Muddy Waters' shortly after the start of trading combined with a large amount of short selling shares.
    The share price fell by over 15% within minutes.
    This triggered the many stop losses.
    The share price fell a further 18%.
    At this point I should have bought, but at that time I was too inexperienced and also too fearful ("never reach into a falling knife bla bla").
    Instead, I sold in panic at -20%, still booking a small profit, but was out altogether!
    At the end of trading, the share closed at -5% and many small shareholders were out, 'Muddy Waters' had bought back 75% of theit shorts and a few large shareholders had full pockets...
    What I learned from this IMO:
    Research Research Reseach!
    Stay cool if you are sure about the value of your company.
    No stop losses or if at all then only so high (>50%) to protect myself from total loss.
    Maybe profit from such messes in the future!?
    No matter what ALB, GS or possibly Gina are doing here,I believe in TG and the true value of LTR!
    I will not sell anything, but buy more if it really comes to that...
    Each his own..., but then don't complain!
    AIMHO
 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
(20min delay)
Last
$1.28
Change
-0.075(5.54%)
Mkt cap ! $3.103B
Open High Low Value Volume
$1.35 $1.35 $1.28 $12.63M 9.680M

Buyers (Bids)

No. Vol. Price($)
25 372565 $1.28
 

Sellers (Offers)

Price($) Vol. No.
$1.29 128203 3
View Market Depth
Last trade - 16.10pm 30/05/2024 (20 minute delay) ?
Last
$1.29
  Change
-0.075 ( 5.03 %)
Open High Low Volume
$1.34 $1.34 $1.28 2898666
Last updated 15.59pm 30/05/2024 ?
LTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.