It seems as though a large number of shorts are currently placed on a number of ASX lithium plays. ORE is the number one shorted stock on the ASX, GXY and PLS are also in the Top 100. Suely not all of these can be played down to manipulation. Does anyone know why portions of the market may be anticipating price drops across these stocks? (Admittedly I don't really follow ORE or GXY), but was wondering why people would think they're worth shorting. Given Li prioces themselves are anticipated by many to rise, they seem like risky positions to take.
Also, something I noticed the other day: http://reneweconomy.com.au/macquarie-bets-big-renewables-purchase-uk-green-bank-61509/
Macquarie seems to have a bit of a conflict of interest when it comes to Lithium prices. I am wondering if they are looking to shore up some reasonably priced supply?
It seems as though a large number of shorts are currently placed...
-
- There are more pages in this discussion • 136 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.08 |
Change
0.010(0.33%) |
Mkt cap ! $9.269B | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.09 | $3.02 | $62.29M | 20.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44089 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 418771 | 17 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |