Nice post there Guemar.
I agree, not much has changed to fundamentals, but the noise on here is deafening.
I have posted before, many either forget and dont really appreciate the correlation between commodity prices and the share price. Are we at the bottom of the cycle, who knows, but I do know that recent ramp up dificulties, delayed expansion, stuff ups (i.e.NMX), shut downs have removed ~200kt of LCE supply from the market for the next few years.
Other factors include the correlation between shorts increasing and the sp falling. It's pretty obvious to me that the sp is being manipulated down, then up, but there has to be buyers and sellers for that to happen. The rinse and repeat trading action suggests a lot of cross selling to manipulate and ensure the rinse and repeat strategy works. I have seen this action so many times, thus not surprised.
Day to day discussions on S/P, page-12205
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Last
$3.02 |
Change
-0.040(1.31%) |
Mkt cap ! $9.210B | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.11 | $3.02 | $55.82M | 18.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 424619 | $3.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.03 | 17344 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |