Long term holders are reluctant to sell from a strategic point of view. Traders have been scared away by the unpredictability of those taking short positions. Tesla's are selling as fast as they can be made, and the volume manufacturers (VW, Toyota etc) are gearing up for a Gold rush.Spodumene producers are finding out that the Cost Curve matters and ORE has a fully funded expansion into the lowest Quartile of costs.If Toyota see as much value in this now as they did when they paid 7 bucks, then I personally wouldnt want to be short when the shackles come off.How low do the shorters think it can go from here? It is priced as if the quality and volume issues are insurmountable and permanent. I think the new boss would have something to say about that.Who will the shorts buy their positions back from when ORE hits the Launch pad? Classic Bear trap.
