LLL 0.00% 50.5¢ leo lithium limited

Posters have come up with various reasons for the pull back. I...

  1. 4,690 Posts.
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    Posters have come up with various reasons for the pull back. I think it may well be a bit of everything - like perhaps one or two of the other large holders (not BB) , who have got their shares at in specie time - taking a profit. but they are more likely having to pay the tax man , too? and that (as some have speculated) there could be another reason for them to sell if the FFX thingi goes to distribution of LLL shares to share holders at end of escrow...(some may be in the know about that and hence them selling?)

    Probably some stop loss trailing sales , some might see the 5 day cross the 10 day down, no news due for a few weeks ( unless an out of the blue announcement). It looks to me that the selling volume has roughly halved (ASX) over the previous three days...

    Its a bit of a bugger that we seem to be back to the close price of the 14th and 15th - half a month of gains gone...but 94, 95, 96 cents may be support?

    In any case, Friday may also be red, but Monday likely to be green...

    ALL IMO
 
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