New price target of $3.40 per share is based on lithium carbonate price of US$17,500 per ton, increase to $6 per share if based on lithium carbonate price of US$27,000 per ton according to Canaccord.
Re US market, the retail dumped net US$1.3B this Monday driving the index to the low, then institutions buying closed the index at green.
Last week, short sellers made a killer.
This is how big boys ‘legally’ gain money from the retail, imo.
Short sellers are up $114 billion this year with winning bets against Tesla and Netflix
PUBLISHED MON, JAN 24 2022 3:34 PM ESTUPDATED MON, JAN 24 2022 6:37 PM EST
Yun Li
@YUNLI626
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Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Short sellers are reaping huge profits this year, as the stock market's brutal bloodbath fuel their bearish bets.
The short-selling cohort has gained $114 billion in January mark-to-market profits as of Friday's close, up 11.6% for the year, according to data from S3 Partners' Ihor Dusaniwsky.
Compelling opportunity, page-4485
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