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LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-61

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20/01/23

09:29

Post #: 65787460
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Originally posted by anatol ↑

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.

T
he 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.

Expand

"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"

You forgot to mention there is another way to cover and that is to cover off market after a placement t0 instos and sophs to raise capital.

LTR Price at posting: $1.50 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.46		Change -0.035(2.35%)		Mkt cap ! $3.527B

Open	High	Low	Value	Volume
$1.49	$1.52	$1.46	$11.18M	7.628M

Buyers (Bids)

No.	Vol.	Price($)
1	24171	$1.46

Sellers (Offers)

Price($)	Vol.	No.
$1.46	15499	4

View Market Depth

No.	Vol.	Price($)
1	10000	1.600
1	758	1.505
1	7000	1.480
2	297	1.465
3	14884	1.455

Price($)	Vol.	No.
1.385	1922	1
1.390	260	1
1.460	15499	4
1.465	34100	2
1.470	78555	5

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last $1.46			Change -0.035 ( 1.71 %)
Open	High		Low	Volume
$1.51	$1.51		$1.46	2032239
Last updated 15.59pm 21/05/2024 ?

LTR (ASX) Chart

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