I think PLS was kicking so many goals last year that they got over confident. So did shareholders. That can be a very dangerous place for any company and I've seen some disasters come from it.
I think this tough period over the past 2 months will be very good for them. Over confident companies can feel everything they do is gonna be a winner and end up making mistakes.
I bet PLS management perform a lot better in the next few months. I also think the recent success of the neighbours will push them to greater things. Nothing like competition to bring out the best.
Every action has a reaction....
The longer they stay subdued at these levels the more bullish I get.
PLS Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)