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$1.36 liontown resources limited

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TrayonRanger

9,353 Posts.

2425

18/01/24

11:54

Post #: 71940973
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Originally posted by yanlin: ↑

100% they will be covering their positions. They are well-in-the-money so will probably look to lock in some profits. They were given a golden opportunity to cover their short positions with the block trade of 96m shares done at a discount to market price. They are now simply squeezing the juice out of the lemon by selling below the $1.26 level and trigger some more panic selling. Then, they will close out these short term positions by COB whilst there is blood on the street.
I can already hear the corks popping on the bottles of Moet......

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"...they will close out these short term positions by COB..."

Will that mean that 102 million MORE shares will be purchased by COB?

LTR Price at posting: $1.20 Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last $1.36		Change -0.010(0.73%)		Mkt cap ! $3.297B

Open	High	Low	Value	Volume
$1.39	$1.40	$1.36	$6.675M	4.858M

Buyers (Bids)

No.	Vol.	Price($)
6	474929	$1.36

Sellers (Offers)

Price($)	Vol.	No.
$1.37	5000	1

View Market Depth

No.	Vol.	Price($)
6	474929	1.360
11	362038	1.355
34	355901	1.350
2	48873	1.345
4	41875	1.340

Price($)	Vol.	No.
1.365	5000	1
1.370	25700	3
1.375	65789	4
1.380	49849	2
1.385	82655	4

Last trade - 16.10pm 27/05/2024 (20 minute delay)


Last $1.36			Change -0.010 ( 1.16 %)
Open	High		Low	Volume
$1.39	$1.40		$1.36	1386723
Last updated 15.59pm 27/05/2024 ?

LTR (ASX) Chart