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ljcamp

2,774 Posts.

2512

01/04/19

10:43

Post #: 37947918
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Originally posted by ljcamp: ↑

For months they have been shorting and covering at the same time, allowing them to continue to suppress the share price. This has grinded some longs into selling/margin calls (not anywhere near as many as shorts would have liked, mind you). This worked well off the back of over supply theories and the "fall in lithium prices" which has been designed and orchestrated by China's finest.

Here is the issue for the shorts at present.

They cap out on borrowed shares at 18%. This is fact. There are not enough shares available for rent to push beyond these limits.

17% short at present. The shorts a in a world of pain as they need to buy some back to give them more than a 1% buffer. Issue being the price is due for a bounce and the only thing keeping it from doing so is the continuation of short selling.

There is no way out for shorts. There is no volume on market to repurchase without sending the price to $5+.

Long over due.

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it seems commsec are up to old tricks again
delaying prices on screen v course of sales.

they blamed this on tech issues 2 months ago.

unless it’s my app, this is poor form.

I watch a solitary 18 units sit top of the buy queue for 8 minutes on a top200 stock. This does not happen. Then a series of half cent trades flurry through.

GXY Price at posting: $1.92 Sentiment: Buy Disclosure: Held
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0 Great analysis

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