@trent3727
In December LTR is trading with their offtakes and probably more will be hitting the books Trent. Can you explain why PLS is not trading at $1.80, $1.50, $1.00, or 50c given they are the most shorted company on the ASX? Just because a company is being shorted, that doesn’t mean the company automatically goes into reverse gear and collapses in fear. I do get the attraction for shorters, but I think you know your assumptions are wrong. The only time in the future that shorting will work and give shorters a profit, is when there are normal cycles of pullbacks, which every single stock on the market is subject to. Which is why you see such fundies as State Street going in and out like ghosts. They work the cycles, downturns, and know when out is best.
LTR will be a behemoth, with a lot of outside support. You will not see 50 cents after production. You will be lucky to see LTR at anything less than $2 once they kick into gear.
Good luck though Trent, it’s always an interesting take from your point of view.
@trent3727In December LTR is trading with their offtakes and...
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Last
$1.37 |
Change
-0.035(2.49%) |
Mkt cap ! $3.321B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.39 | $1.36 | $8.516M | 6.186M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 209738 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 13727 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.38 |
Change
-0.035 ( 2.18 %) |
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| Open | High | Low | Volume | ||
| $1.36 | $1.39 | $1.36 | 2080822 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| LTR (ASX) Chart |