A very simple answer for even the biggest dim-wits to understand. The price drop directly correlates to the over 10% shorts. Mixed in with traders, the share price is easily manipulated and pushed down. Do you not see continual trades of 1 share only throughout the day? Plus, most are under 50 shares at a time? Thousands of trades for bugger all capital? Shorters selling and buying back from each other, hoping to buy back lower. It is all very very obvious.
Most long holders are not selling, and many, if not most are now happy with their holdings already. So most buying and selling is the shorters and traders between each other. That is the recipe for ARTIFICIALLY pushing the share price down.
Artificially is the key word here. It is not due to any other factors, apart from a lithium market that can have an influence.
I assure you, if the shorting was less than say 4%, the share price would probably be pushing up towards the $2 range by now. So they have done their job.
The only issue for them now is that because most holders aren’t selling, who is going to sell 250 million shares to the shorters? This mismatch equates to either financing their shorts over many many months, at great cost, or paying up higher to cover their shorts and get out.
Smell of Desperation, page-32
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Last
71.0¢ |
Change
-0.040(5.33%) |
Mkt cap ! $1.721B |
Open | High | Low | Value | Volume |
72.5¢ | 73.0¢ | 71.0¢ | $5.786M | 8.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 311239 | 71.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.5¢ | 27055 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 310739 | 0.710 |
26 | 495344 | 0.705 |
75 | 717700 | 0.700 |
12 | 148325 | 0.695 |
16 | 107028 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.715 | 27055 | 6 |
0.720 | 302941 | 13 |
0.725 | 255313 | 8 |
0.730 | 188926 | 5 |
0.735 | 69124 | 4 |
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