thanks @dynofish and @vmp, all makes sense.

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DaisyA

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03/07/24

20:22

Post #: 74595057
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Originally posted by dynofish: ↑

Hi DaisyA

The thing about short sellers (or we can also just say traders) is that they can make money both on the way up or down. They are very organised with their contingency plans etc. I bet that yesterday they were selling into the bids at around $1.10 to ensure this did not get away from them and lead to a short squeeze. After selling yesterday perhaps at an average of $1.03, they can make money today by buying at the open at perhaps $0.96 and then having another go selling at $0.95 if they think there is limp demand. Limp demand will exist when there is low lithium chemical prices and still an unclear outlook imo. So traders keep control. When they were selling today they were possibly buying MIN which had a decent day after a run of weakness. Long/Short funds probably use correlation across industry to manage risk etc.

I don't pretend to know much about it, but I do recall listening to a good YouTube video posted about 6 months ago that said a lot more than I am able to state. The one thing I firmly believe is that with our financial position now in no doubt as being sound, with no potential covenants to trip us up etc, we should be totally comfortable to sit tight as long as we continue to subscribe to the long term future for lithium. I found myself today watching other stocks and paying little attention to my biggest investment (LTR) because we only need to sit back knowing our management has this. Sorry I cannot provide a better answer.

Regards
DF

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thanks @dynofish and @vmp, all makes sense.

LTR Price at posting: 91.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 76.8¢		Change -0.038(4.66%)		Mkt cap ! $1.861B

Open	High	Low	Value	Volume
80.5¢	80.5¢	75.5¢	$7.553M	9.767M

Buyers (Bids)

No.	Vol.	Price($)
27	578800	76.5¢

Sellers (Offers)

Price($)	Vol.	No.
77.0¢	59343	23

View Market Depth

No.	Vol.	Price($)
24	534029	0.765
30	659271	0.760
28	689704	0.755
57	356455	0.750
10	111774	0.745

Price($)	Vol.	No.
0.770	67708	35
0.775	388904	27
0.780	439765	20
0.785	203628	10
0.790	234535	7

Last trade - 14.05pm 03/10/2024 (20 minute delay)

LTR (ASX) Chart

thanks @dynofish and @vmp, all makes sense.

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thanks @dynofish and @vmp, all makes sense.

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