LTR liontown resources limited

5.67%

66.5¢

New TA/Charting, page-15860

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slick

15,684 Posts.

8762

23/05/25

19:25

Post #: 79169439
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Originally posted by jlgread: ↑

Hi. @slick, I think it’s the other way around. The clock starts when you short sell. Then you are hoping the share price would still go lower (than the price you sold the borrowed shares for). When it goes lower then bingo you book your profit - which is the difference between the short sell price and the lower bought back price. It’s the retail holders who are panicking and selling too cheaply.

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Yes you’re right but I thought you stated that shorts were closing out as the SP closed lower today?

Originally posted by DaisyA: ↑

Thanks Slick, yes it might be if the purpose is to manipulate the price but clearly very hard to prove and there are many explanations. Let's accept it is legal and/or it happened as you suggested, I still find it hard to believe that Citi, UBS or GS decide together to orchestrate a pump and dump. Maybe I am naive but it is dangerous to their reputation, all for some modest trading profit.

Leaving that aside, let's assume it is what you suggest, what are they going to do with about 50M shares between them at 75c? If they think lithium is going down and LTR is likely to be under stress as they often and regularly state in their reports, why are they buying higher than the recent prices. I only have the options I put in my first post to you.

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Daisy what makes you think the big guys are holding 50 mil shares at 75 cents?

LTR Price at posting: 63.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 66.5¢		Change -0.040(5.67%)		Mkt cap ! $1.615B

Open	High	Low	Value	Volume
69.5¢	72.0¢	66.0¢	$6.474M	9.426M

Buyers (Bids)

No.	Vol.	Price($)
21	270255	66.0¢

Sellers (Offers)

Price($)	Vol.	No.
67.0¢	12900	1

View Market Depth

No.	Vol.	Price($)
19	240255	0.660
10	182792	0.655
23	248919	0.650
7	285602	0.645
11	226601	0.640

Price($)	Vol.	No.
0.670	12900	1
0.675	140000	9
0.680	40000	2
0.685	200036	6
0.690	198790	6

Last trade - 16.10pm 16/06/2025 (20 minute delay)

LTR (ASX) Chart

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