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$1.37 liontown resources limited

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

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TrayonRanger

9,361 Posts.

2429

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 $1.37		Change 0.010(0.74%)		Mkt cap ! $3.321B

Open	High	Low	Value	Volume
$1.36	$1.38	$1.35	$5.904M	4.331M

Buyers (Bids)

No.	Vol.	Price($)
2	129762	$1.37

Sellers (Offers)

Price($)	Vol.	No.
$1.38	169465	2

View Market Depth

No.	Vol.	Price($)
2	129762	1.365
9	214403	1.360
7	157769	1.355
21	270725	1.350
3	61774	1.345

Price($)	Vol.	No.
1.375	169465	2
1.380	11140	6
1.385	121160	5
1.390	66854	5
1.395	83772	5

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last $1.37			Change 0.010 ( 0.49 %)
Open	High		Low	Volume
$1.36	$1.38		$1.36	841994
Last updated 15.59pm 28/05/2024 ?

LTR (ASX) Chart

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