The bad big boys are shorting every single lithium stock atm, including Albemarle in the US. Because they were not expecting this much high lithium prices, which is incredible for all of us, now they are caught with pants down.
So they are in a panic. Shorting more. Let them short more. That will only cause more pain for them. No problem for us unless we sell out. I'm just holding my shares tight and waiting patiently.
Btw, when you look at the shorting ratio on the shorting charts, the shorters are in trouble.
See the LTR's shorting ratio chart by Shortman.
You will see a decline in shorting ration. And it looks like a descending triangle. That means they are losing control and they are closing their shorts gradually. They are resisting. These type of chart patterns ends up with a strong breakdown. You will see that.
The shorters still have nearly 76m shares in short. They have to buy that back. That will cause a big increase in stock price. They are resisting
All they are waiting for is a major bad news in the world market. It didn't happen. War in Ukraine is coming to an end, China is going in war with Taiwan and US, inflation is coming to be under control, etc.
So the shorters are in trouble. The only thing they could do was to make false reports and spreading bad news. No other thing to do.
As I said yesterday, they are fighting against the time.
The time is working for us.
We are coming close to production everyday a little bit more.
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