LTR

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92.5¢ liontown resources limited

Hey @anatol On that day it looks like SS cleverly kept buying...

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vmp

13,249 Posts.

9056

30/01/23

14:46

Post #: 65950729
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Originally posted by anatol ↑

Shorters covering their shorts
that is the short squeeze...

On my post above I said;
"At that day (Jan.23 Monday) I didn't know they were stupidly still shorting. We learned next day on Tuesday Jan 24th that they shorted another 8m shares on Monday Jan. 23rd.Now we will see a short chart as below on next Monday's Jan 29th (that must be 30th) chart. (Marked in red by me)"

Now today is Monday the 30th and we can see the on Shortman (actually ASIC data) chart that while some shorters shorted 8m shares on Jan 23rd but some shorters bought 10m share to cover their position in same day.

As you can see on the chart below number of shorted shares went down to 160.4m on Jan 23 from 162.3 on Jan 20.

After that day sp went up for 4 days including today.

So my conclusion is the short squeeze was and is already happening.

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Hey @anatol

On that day it looks like SS cleverly kept buying lower and lending shares at the same time to enable shorters keep the lid. Since that is their normal business theee nothing to suggest it’s illegal, nonetheless let them squeeze each other as tight as possible like a toothpaste

cheers

Last edited by vmp: 30/01/23

LTR Price at posting: $1.66 Sentiment: Hold Disclosure: Held
30 Upvote

0 Great analysis

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(20min delay)
Last 92.5¢		Change -0.040(4.15%)		Mkt cap ! $2.243B

Open	High	Low	Value	Volume
94.0¢	95.0¢	92.0¢	$8.521M	9.153M

Buyers (Bids)

No.	Vol.	Price($)
26	369258	92.5¢

Sellers (Offers)

Price($)	Vol.	No.
93.0¢	5600	2

View Market Depth

No.	Vol.	Price($)
17	161831	0.925
36	434133	0.920
14	290407	0.915
40	708990	0.910
14	423032	0.905

Price($)	Vol.	No.
0.930	3600	1
0.935	67300	2
0.940	15000	2
0.945	30000	1
0.950	110600	9

Last trade - 16.10pm 02/08/2024 (20 minute delay)

LTR (ASX) Chart

Hey @anatol On that day it looks like SS cleverly kept buying...

GreenX picks up prospective copper project in Germany

Cost blow-out for Rook I uranium project sees share plummet for NexGen

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Hey @anatol On that day it looks like SS cleverly kept buying...

Top Stories

GreenX picks up prospective copper project in Germany

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News