I think what happened yesterday with PLS short covering will be happening in GMM and ORE...today or Monday. The idiots have done the same to GMM and ORE with even less real shares for them to buyback. I think alot of screen screen selling was fake. i.e 1/2 Naked.
By my calculation 1.5m - 2m shares still short (real and naked) in GMM from 2 days ago and they have to buy it back today.
ORE haven't done the share calculation but it is setting up identical.
Graph PLS, GMM, ORE and GXY over 5 days and 1 month and tell me there is no correlation. Its very high.
PLS and GXY have corrected somewhat...but GMM and ORE have not....Stands to reason and fact.
I say both have big days. A bit of buying in each will rocket them.
PLS likely to consolidate 60c here before a strong move to 75c before T2 nd on news. Great job where we are.
GMM rapid move to 64c is high prob with some buying to wipe the naked short with 1.5m to 2m shares he shorted into the PLS T1 D-day. This stock is gappy.
ORE could retest $3.47 with the same given how much PLS, GMM and ORE have been shorted this week.
Squeeze time people. Lithium stocks up overnight and heading to weekend with Tesla tweets on orders that must be over 400,ooo I estimate.
GMM Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held