LTR

3.90%

74.0¢ liontown resources limited

Spot on - I’ve had those stocks before - / I suspect this one...

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attodds

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29/01/22

18:15

Post #: 59214053
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Originally posted by BabaRoga_space: ↑

It works similar on all explorers transitioning to miners.
Orphan period is just a combination of time, human psychology, funding and macro environment drivers.

In nutshell:
1-2 years is long time in stock market. It's relatively easy to hold stock when stock advances in large moves and pullbacks are shallow and short timeframe.
But it's not that easy when stock starts trading flat or declining over longer period, rallies are short lived and new lows instead of new highs become regular thing.
Retail speculator, traders and instos start exiting stock to chase other hot stock/sector. Some start exiting with intention to come back later in time, etc.
Then would be LT investors (especially not experienced ones) start feeling under pressure as their expectations of new ATH on procession of ann (they believe will lift SP up) end up being sold into and usually SP retreats even lower.
The conspiracy theories of manipulation down to takeover company for peanuts, etc start circulating forums, etc.
Rumors of problems, fighting, etc on forums.
The perma-bulls that seemed geniuses in bull rally start looking silly with never-ending predictions of never to be seen cheap prices that keep getting cheaper; predictions of bottoms and rallies that burn shorters that keep being wrong.
All that has effect on LT investors that find comfort in leadership from others and safety of being in group. They start doubting perma-bulls leadership and their investment, then sell.
In the meantime insto funds start hedging their holdings with shorts, stop supporting SP and turn to sucking shares lower and lower (the churn). Shorts start betting on funding CRs lower, delays and problems.
The longer timeframe to production = the harder it becomes to keep eye on the prize.

The macro environment, sector strength, timeframe and funding requirements during the process will also have big impact on how deep or shallow orphan period retrace goes.

Hope that helps (I don't know great deal about CHN so can't add anything company specific)

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Spot on - I’ve had those stocks before - / I suspect this one will do better, maybe even great - it might settle back about 2:50 for a spell unless T/O

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LTR Price at posting: $1.40 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 74.0¢		Change -0.030(3.90%)		Mkt cap ! $1.794B

Open	High	Low	Value	Volume
77.0¢	77.0¢	73.5¢	$12.03M	16.10M

Buyers (Bids)

No.	Vol.	Price($)
6	339920	74.0¢

Sellers (Offers)

Price($)	Vol.	No.
74.5¢	109036	6

View Market Depth

No.	Vol.	Price($)
6	339920	0.740
8	870031	0.735
20	102940	0.730
14	242553	0.725
20	180133	0.720

Price($)	Vol.	No.
0.745	21500	2
0.750	131650	4
0.755	257600	3
0.760	149266	7
0.765	29342	3

Last trade - 16.10pm 04/10/2024 (20 minute delay)

LTR (ASX) Chart

Spot on - I’ve had those stocks before - / I suspect this one...

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Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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Spot on - I’ve had those stocks before - / I suspect this one...

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Buxton projects new graphite province discovery at WA Narryer play

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News