I find it a little ironic that everyone who bagged the people that shorted the stock, still sees them as the enemy. It's pretty narrow minded.
When in fact the large amount of open shorts is adding to the strength of the s/p right now as they are required to close position. Over-shorting a stock just increases the rebound of recovery.
People seem to forget that 10m of open shorts guarantee's 10m buys that will need to occur into the market depth.
The same institutions/individuals shorting the stock, will be the same ones pumping it back up in the other direction now IMO. I posted monthly charts of lithium CO's all of which appear oversold and at the bottom of a 18month trend. If you view the RSI and stochastics it really appears the bottom is in across the board.
IMO the next bull run goes deep into 2020-2021 when shortage of supply begins to impact commitments from battery makers to the EV markets. Biggest risk to PLS in my opinion is Fe levels limiting their customer base. I'm interested if anyone here maybe a process engineer, could weigh in on concepts which could be implemented/added in the stage 2/3 upgrades or if 1%+ Fe is just something we're going to have to cop.
The other risk, if you consider it a risk ---is a similar situation to KDR occurring. (Being bought out for an undervalued amount).
SF2TH
Day to day discussions on S/P, page-10403
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Last
$2.83 |
Change
0.090(3.28%) |
Mkt cap ! $8.522B | |||
| Open | High | Low | Value | Volume |
| $2.75 | $2.83 | $2.72 | $39.65M | 14.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1106 | $2.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.83 | 211057 | 8 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |