I agree with @vmp and @wingedwarrior.
I am also thinking that the shorting in LTR is not about plain shorting but it's about capping.
Why the capping?
Someone wants the build a stake in LTR or/and wants to make a low ball offer.
I told that on one of my previous posts. Here is one below; Post #:63665675
How do we know the shorters are losing money but still shorting.
I knew (sensing and observing) that before as I told my above old post.
I can also see it from what they did just recently.
They shorted LTR by 11m shares just in one day on Oct.28.
See the short report of Friday Oct 28 (gives the shorts for previous day) and the short report of Monday Oct.31. (Oct. 28 and 30 were weekend days)
The shorts increased nearly 11m in one day, from 70.3m to 81m.
Why would you short a company so aggressively (if not stupidly) when it is certain that it will definitely double its mcap in at least 4-6 months as it gets closer to the production of a product which is most in demand in the world.
If we leave aside that idea of those shorters are stupid then they have a goal.
You can read my old post above for more of my detailed thoughts on this topic.
The key point is if we do not sell anything now or to a low ball offer,
then we will win big.
Let's hold tight,.. wait and see.
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2 | 6000 | 0.800 |
6 | 45767 | 0.795 |
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12 | 40976 | 0.780 |
Price($) | Vol. | No. |
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