Largo Inc T.LGO

Just a correction?

[kha341]

Today:

Closing SP = C$1.24, down $0.12 or 8.8%

TSX Volume = ~2.6M

All CDN Exchanges Volume = more than 5M)

Yesterday:

Closing SP = C$1.36, down $0.23 or 14.5%

TSX Volume = ~2.7M

All CDN Exchanges Volume = ~5M?)

Since it reached the 52-week high of C$1.66 yesterday morning, the sp has tumbled down 25.3% in two days. Such a fast & furious headlong fall can not be blamed on profit taking alone.

This a massive dumping with Anonymous et al leading the way.

The rest of the week will tell us whether or not it is just a correction.  

[st_esteban]

Broker 65 (Goldman) let the March up.  Thy were doing most of the buying from 1.1x all the way to 1.6... in the last couple of days they have been missing most of the action.  My guess is that GS did a lot of the buying, and then took profits hiding behind 1 - anonymous 53 - JPM has been doing a lot of buying...

[ninja123]

any updated short info? i only have data ending on 11/30. still congnizant that the q1 warrant expirations are a major headwind, regardless of the recent news. 

[SKiamforsure]

The only i have showing SHORT INTEREST OTC Short Interest 11/30/2020 624,308   Short Report TMX  Nov 30, 2020 405,867

[ninja123]

thanks. same.

[kha341]

As the warrant conversation has been expected for a while, it's very likely that its impact has already been built in the sp (or at least most of the impact). My humble opinion.

[ninja123]

makes sense kha .. however, this stock is so underowned. as the street/esg stratagies/etc. start doing bottom's up analysis .. many of them will be coming accross the info for the first time.  they have not had the pleasure of our journey.  still think that if i were managing this position, from a fiduciary standpoint, the owners of the warrants will take some $$ off the table.  

[kha341]

The vast majority of the warrants belong to Arias. Furthermore there is the cashless option. Sure, there could still be some selling by other warrant owners but the number would be small, imho.

[island9999]

Short Squeeze page dated today. https://shortsqueeze.com/?symbol=Lgorf&submit=Short+Quote

[ninja123]

thank you. not sure of the exact date, but appears to be more recent info. .. still small.