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50.5¢ leo lithium limited

LLL Closing Price Predictions on Thursday 23/06/22, page-236

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23/06/22

17:24

Post #: 62169108
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Originally posted by invertedva: ↑

Disappointing end to the day, price-wise. No two ways about it.

But need to keep things in perspective.

Only 3.8% of total shares on issue were traded today. And a large chunk of those would've been bots selling to themselves. The average trade size was $3180.

So, 97-98% of holders decided to keep hold of their shares, and are in this for the long-run.

Once the bots shake free the small percentage of holders who were always going to sell in the first few days (don't forget some people are in stressed financial positions after the last couple of weeks f market turmoil and were probably waiting to access the capital locked away in LLL to cover margin calls and the like), and the index and superannuation funds start to take a look at LLL and enter the market, hopefully we will see the price slowly begin to climb.

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i think you have made probably one of the best observations of today! That 3.8% number is very important . I did not see that, but it does help to put things into perspective.

LLL Price at posting: 52.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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