PLS 4.31% $2.79 pilbara minerals limited

PLS chart, page-6200

  1. 6,340 Posts.
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    Regarding sentiment: I never post my sentiment on any stock I am active on - hence "None".

    Regarding position: I hold a position (irrespective of whether it is short or long) - hence "Held".

    I am an active investor and typically favour long positions. But, were an opportunity presents itself, I will go short. In this case, it is not personal. PLS is currently 37% off its 52-week high and 133% above its 52-week low so I am not uncomfortable with taking a short position at this time - especially given where the overall market is at. Even the most bullish traders are saying the overall market could fall 10-12% over the coming months because of interest rate pressures, COVID in China, market liquidity and a host of other factors.

    Don't get caught up in the rhetoric. I remember 2017/18 when many of us failed to read the signals. We need to protect our capital first and foremost!!!
 
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