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95.3¢ liontown resources limited

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trent3727

6,409 Posts.

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19/01/24

20:47

Post #: 71971959
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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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Going off my sheety TA with full bearish pessimism priced in 60c-ish

LTR Price at posting: $1.20 Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 95.3¢		Change -0.003(0.26%)		Mkt cap ! $2.315B

Open	High	Low	Value	Volume
98.0¢	98.0¢	94.5¢	$6.751M	7.007M

Buyers (Bids)

No.	Vol.	Price($)
4	52085	95.0¢

Sellers (Offers)

Price($)	Vol.	No.
95.5¢	204065	20

View Market Depth

No.	Vol.	Price($)
41	560269	0.950
17	217855	0.945
22	370142	0.940
9	124114	0.935
24	370624	0.930

Price($)	Vol.	No.
0.955	91805	8
0.960	395795	17
0.965	190693	18
0.970	181233	14
0.975	303805	6

Last trade - 10.40am 03/07/2024 (20 minute delay)

LTR (ASX) Chart

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