"PLS as a stock pumps and dumps aggressively."
That's right. And the macro story is starting to wear thin.
Uncomfortable questions include:
a) Will the renewables roll out be as fast as you think?
b) Supply EASILY caught up with demand in 2019. Why does lithium get a free pass to another halo now?
c) Value stocks are going to look more attractive in this interest rate environment. Sorry, but lithium is a commodity at the end of the day. For Mums and Dads google "interest rates effect on commodities."
d) Share price was $1.50 three weeks ago. Pumpers may not be taking profits but pros are. See Australian Super change in substantial notice.
As holders, you are all exposed to a commodity. Many have forgotten this.
Above is not financial advice and my opinion only.
PLS - $2.54 - by 31 Dec 21. Updated., page-340
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |