CXO 3.45% 14.0¢ core lithium ltd

FWIWAfter $1.675 SP high on 5 Apr 22, previous peak aggregate...

  1. 207 Posts.
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    FWIW

    After $1.675 SP high on 5 Apr 22, previous peak aggregate shorts occurred on 12 Jul 22 - 144,534,898, then SP reached $0.825c low on 13 Jul 22 after which it recovered to a high of $1.665 on 16 Aug 22.

    Latest aggregate shorts 16 Dec 22 - 142,057,821 the low on that date $1.005 (today's low likely $0.99).

    Latest Daily Gross Short Sales
    14-12-22 5,143,484
    15-12-22 18,089,758 ***
    16-12-22 9,723,415
    19-12-22 5,262,303
    20-12-22 10,047,803 ***
    21-12-22 1,175,052

    **************** .com.au/2022/12/20/core-lithium-share-price-has-25-upside-macquarie/ (fool)

    "Core Lithium is a popular ASX lithium share among retail investors. Based on the latest data, approximately 72% of Core Lithium shares are held by the general public. Whereas, that figure is below 60% for even Aussie lithium stalwarts Pilbara Minerals Ltd (ASX: PLS) and Allkem Ltd (ASX: AKE)."

    https://hotcopper.com.au/posts/65415811/single

    14 Dec 22 broker report shows CMC Markets, Commonwealth (retail brokers among other things) as major net sellers total of ~6M and UBS (not so much assoc with retail broking AFAIK?) major net buyers ~4M, suggests spooked retailers getting out, amplified as we approach the Xmas break and increased, (irrational?) nervousness due to the absence of material, positive announcements (despite no negative ones).

    A confluence of events/information suggesting on "balance of probability" we are probably close to the bottom AIMO.
    Last edited by jgbit62: 22/12/22
 
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