I wonder if it's the Chinese that are shorting and...

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Eddard.Stark

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03/07/24

16:14

Post #: 74591151
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Originally posted by apom: ↑

Looking at some of the most heavily shorted lithium producers and the current trading patterns, I,m wondering how on earth shorts are going to cover their positions.

PLS,LTR,SYA are all producers or about to produce, but have huge short positions currently in place when lithium sentiment is probably at an all time low and lithium prices are crap.I suspect most long term retail holders wont be selling at the moment because they beleive in the companies and that lithium sentiment and prices will eventually turn.So who will the shorters buy their shares from to close positions?Where will these supplies of shares come from.

I think at the moment the share price movements are mainly shorters buying and selling to themselves without managing to significantly close positions.If you look at the 5 minute charts for some pls and ltr similar patterns are repeated with gapping down in early trade, any substantial buy volume results in share price jumping,then low volume pushing prices down and large volumes in aftermarket auction.A look at shortman shows relatively small reductions in shorts held.

How long can these cnuts maintain open short positions before they eventually have to close them,thus pushing the price up?I,m holding positions in sya,pls and ltr (plus a couple of others lithium cos)and believe producing mines and their investors should see a reward for their investment and hard work,so in my opinion this shorting and manipulating the share price is absolutely despicable and should be banned,as it contributes nothing and sucks wealth away from people investing and earning to amoral, greedy investment bankers who contribute nothing.I recall Goldman Sachs were described by a judge in one of their many prosecutions as a "vampire squid" sucking the lifeblood from genuine investors.State Street,Citi,MS are all similar.

Cant wait to see the shorts burn and karma to occur.

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I wonder if it's the Chinese that are shorting and suppressing the price of lithium at the same time

LTR Price at posting: 91.0¢ Sentiment: Buy Disclosure: Held
19 Upvote

0 Great analysis

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(20min delay)
Last 96.0¢		Change -0.045(4.48%)		Mkt cap ! $2.328B

Open	High	Low	Value	Volume
99.0¢	$1.02	95.5¢	$12.30M	12.53M

Buyers (Bids)

No.	Vol.	Price($)
7	73560	96.0¢

Sellers (Offers)

Price($)	Vol.	No.
96.5¢	10309	2

View Market Depth

No.	Vol.	Price($)
7	73560	0.960
7	379407	0.955
23	591276	0.950
9	203600	0.945
14	270098	0.940

Price($)	Vol.	No.
0.965	10309	2
0.970	157141	6
0.975	21000	2
0.990	7983	1
0.995	550	1

Last trade - 16.10pm 22/07/2024 (20 minute delay)

LTR (ASX) Chart

I wonder if it's the Chinese that are shorting and...

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I wonder if it's the Chinese that are shorting and...