Pilbara, MinRes, Develop and LTR all have had strong rises over the last few days, in what seems uncalled for.
Short interest has increased with all except DVP, and LTR shorts seemed to have halted a week ago.
Spod, carb. and 56. 5% has all dropped away, which indicates that in all probability, there may be a sustained attack on ASX listed lithiums for another wave.
IF NOT, then we are all about to witness a short squeeze of epic proportions for LTR, as approx time required to cover is 21 days. ( allows for 4 day SI totals)
PLS is : around 4.63 and Min close to 10.
Note: short interest can also help a company mount takeover bids by shorting the buy side then buying into the sell lines , so not all is dark clouds. (except for holders at the long end.)
I am waiting for stable price action in order to start taking a reasonable position, so I have both excitement and trepidation, that we may need to wait a little longer.
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