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95.0¢ liontown resources limited

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rvajna

8,470 Posts.

612

19/01/24

20:24

Post #: 71971649
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Originally posted by Gajet: ↑

@trent3727
”Most of the holders are only going to hold if the price is heading up.”

Strange investment strategy to sell if the price is dropping and only buy or hold when it’s going up. Panic sellers with inexperience may sell out of fear of losing more, or some investors who really need the funding, so not wanting to take the chance they get out now to use that needed funding. They are the only ones IMO who are keen to sell LTR as the price drops.

I cannot see however, that ‘most’ holders as you say adopt this strategy. A great deal of holders of LTR have been holding for a very long time, so why panic now, given they are so confident it is just moments away from full production? Nah, not likely.

Anyway we’ll see where this all ends. I’ll stick with my view that it might be volatile for a bit, but then the burners will be lit and shorts will need to be covered or hold out and keep paying that interest on their loans. I’ll see you in a few weeks or less, at $2. IMO

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I agree with holding @Gajet but saying "I’ll see you in a few weeks or less, at $2." is ridiculous pumping. This is why this will continue to fall.

LTR Price at posting: $1.20 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 95.0¢		Change 0.035(3.83%)		Mkt cap ! $2.303B

Open	High	Low	Value	Volume
92.5¢	98.0¢	91.0¢	$33.31M	35.17M

Buyers (Bids)

No.	Vol.	Price($)
4	124060	94.5¢

Sellers (Offers)

Price($)	Vol.	No.
96.5¢	170420	1

View Market Depth

No.	Vol.	Price($)
4	124060	0.945
4	85433	0.940
2	58470	0.935
19	234498	0.930
10	123151	0.925

Price($)	Vol.	No.
0.965	170420	1
0.970	204474	1
0.975	17500	2
0.980	277061	10
0.985	271376	7

Last trade - 16.10pm 31/07/2024 (20 minute delay)

LTR (ASX) Chart