Hi @slick, if we take a close look at both PLS and LTR after market close today we know that PLS went up 1.85% and LTR down 2.31%.
Normally they go up or down in unison but not today. In my opinion this tells me its the shorters trying buy back the shares so they can return them to their lenders.
There’s so many shares they can buy back in? What if the retail holders are holding tight ….. this spells trouble for them. Hence the “lit fuse” metaphor.
Have a good one!
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Last
65.5¢ |
Change
-0.035(5.07%) |
Mkt cap ! $1.591B | |||
| Open | High | Low | Value | Volume |
| 68.0¢ | 68.5¢ | 65.0¢ | $3.161M | 4.734M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 427152 | 65.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 172598 | 35 |
View Market Depth
| Last trade - 13.02pm 18/06/2025 (20 minute delay) ? |
| LTR (ASX) Chart |