I agree with this hence why I took some profits in the mid 5s. I've been burned in the past when a stock keeps going up and up and up and you get a huge amount of hysteria. In my recent times I've been on the other side and taking advantage of the hype by taking profits at the peaks in PLS and BRN (just 2 examples).
Long term this continues to be a no-brainer but people should be wary of stocks that go up exponentially in a very short period of time, there will always be profit taking.
PLS chart, page-8364
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Last
$2.93 |
Change
0.140(5.02%) |
Mkt cap ! $8.819B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.93 | $2.77 | $65.23M | 22.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3424 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 170199 | 9 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |