Lithium Americas Corp (LAAC)

[PatienceisVirtue]

You're entitled to your opinion, as we all are on this board. I concede Short sellers aren't the only reason this stock price is dipping lower, but they do contribute to the price downfall.

In the last 20 trading days, the average short selling was at 47.62%,(Sep 8 - Oct 5) - the closing price Sep 8th was $0.31 and at yesterday's close it was at $0.22, a nine cent drop.

Your reasoning is that WL needs more than $250 million in order to complete a plant for processing its lithium. That is more than two - three years out. Funding is not driving this price down now.

This is a penny stock and short sellers are more apt to take advantage of pricing on penny stocks than stocks traded on the NASDAQ, DOW and S & P.

Example: TSLA, zero percent short sales in the same 20-day period as stated above. GE, same, no short sales, AAPL, same, no short sales. IENG, a penny stock 10 short sales out of 20 trading days. TDEY, another penny stock - 18 short sales out of 20 trading days.

You can search for yourself, but the fact remains Bearish short sellers search out penny stocks to manipulate the price so they can purchase for bottom dollar and cents so they can turn around and sell for a measly profit.


DEFINITION of 'Short Selling'

Short selling is the sale of a security that is not owned by the seller, or that the seller has borrowed. Short selling is motivated by the belief that a security's price will decline, enabling it to be bought back at a lower price to make a profit. Short selling may be prompted by speculation, or by the desire to hedge the downside risk of a long position in the same security or a related one. Since the risk of loss on a short sale is theoretically infinite, short selling should only be used by experienced traders who are familiar with its risks.