I'm not going to answer any of those baiting posts.
The reason for shorting is not because LTR has bad fundamentals, but it's because the BVS group want to buy large stakes in LTR IMO.
It's not about hedging either.
The volume is too low now because everyone knows the value of LTR now and not selling out IMO.
The shorters will have to push the price up if they want to buy more.
They can only buy by using the method of two steps up one step down, two steps up one step down, again and again.
If they sell more to drive the sp lower by shorting, then other people who believe in LTR's fundamentals are buying (like Scarpa and many others) if any shares available for sale from genuine sellers which are very little.
The shorters are hardly keeping the sp at this level by shorting everyday a little bit more. But their shorts are over the roof now. That's why LTR is 2nd in Fintel's list.
It might be the 1st tomorrow.
More probability of short squeeze for them.
I'm not going to answer any of those baiting posts. The reason...
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Last
85.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.073B | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 89.0¢ | 84.5¢ | $11.18M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11235 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 19200 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |