Unfortunately I think you are missing the point of the post.
0. The whole market is negative at the moment. Almost all shares can be expected to fall until the macro environment turns positive unless they are growing profits(not revenue) fast.
Correct, the market is negative...REGARDLESS OF PROFIT. We could probably both show examples of companies who have are upgrading their profit guidance, yet their share price has dropped.
1. Then we get to one of the most important facts: one should know in trading is that the market doesn't own you anything. You are not magically entitled to make money in the share market. You have to earn it by making the right calls sometimes an not losing more than you make. About 90% of individuals supposedly are net losers in the stock market. Consider this before getting in. It is not for everyone.
I understand the market owes me nothing and understand the risks. All I expexct is a -'A cornerstone of fair and orderly markets is that they reflect the forces of genuine supply and demand. THIS CONCEPT IS FUNDAMENTAL. ASX seeks to ensure that its markets are fair and orderely and free of manipulative trading.' As stated in the ASX's own governance statement. An expectation set out my the market itself.
Do you believe this statement is true???
2. If you believe the market is continually manipulated when your stcoks are not making you money, then you should rather sell out and stop stressing. There is no long term conspiracy theory at work here. Prices can be influenced by a number of factors and some manipulation in the short term, but if a company is growing profits(different from revenue) and actually banking cash, then it will worth more over time just beacuse of its bank balance and assets. If it remains too cheap, then some private equity concern will likely come round and execute a takeover. They love cash generating business. Everyone should love growing cash generating business. They are a sure way to make money. Look for these at reasonable prices and you are on to a sure winner. Not many of these. The best money to be made is if you can spot one before they start producing increasing amounts of cash.
So you admit to some manipulation? Then in the next sentence you state 'There is no long term conspiracy theory at work here', contradicting your own argument???
Multiple financial institutions have been fined for billions of dollars, just in the last few years, for manipulation, collusion and corruption. THIS IS FACT. If you choose not to accept this fact, its on you.... Just google '(enter financial institution here) .......... FINES.
Billions....
Goldman Sachs fined $2.9 billion to resolve 1MDB bribery ... SEC Charges Goldman Sachs Asset Management Goldman Sachs, Morgan Stanley, UBS facing $1bn in fines .
ETC...etc...etc...I could go on all day here....
And inAustralia, where is ASIC??? Its not nicknamed the toothless tiger for nothing....
They went after the banks after a groundswell of public sentiment, forced the Liberal government to act. (I still occasionally get cheques from AN*, for all the money they continually robbed from me.) Maybe a little naive, but maybe, just maybe, we can do the same with the ASX??
And I never stated I was losing money. I was in VUL, SYA and CXO early enough to be well ahead, even at these depressed prices. Full disclosure, I am slightly down on PLS, a revenue generating juggernaut....yet up on the NON REVENUE generating companies... And I cant believe you said this, are you insinuating you wouldn't mind a takeover of PLS??? With such a bright future???WOW...Are you happy for them to push the MC down to the point where an aggressive take over is viable. BHP and RIO are currently aggressively looking for a TO or partner. PLS has been mentioned...
3. The fact that you believe a stock is a good investment doesn't make it one despite what you may think. Not sure if you are holding the stocks mentioned, but what I mentioned in point #2 above just about applies to none of them. If something is loss making it cannot continue to do so without using someone else's money. Eventually people get tired of lending these business money(that is what you effectively do by investing in them and participating in capital raisings). When this happens the share price usually enters a death spiral after the hype dissapated.
I do my research.. I do not have to comment on my stock picks I have mentioned. I will let the facts speak for themselves. Heavily oversubscribed at every CR in the last 12 months and in the ASX200, without generating revenue. Funding and offtakes with major battery, chemical and Vehicle manufacturers and high profile cornerstone investors. Some even have government funding, and have been in talks with the US Department of Defence, and Department of Energy. So I ask you, is it me who sees value in these companies, or these other entities who have, and will invest equity? Hint, Its both, I was just able to see it before they did....just as you saw it in PLS. This isn't to say I always get it right, far from it. But in these examples, I feel I did....
4. The only time some "want to take your shares" is when they push the price up. When the price is dropping, it is nobody wanting to pay up for your shares. Big difference. We get back to the conspiracy theories and persecutory delusions. These days too many people believe too much nonsense. It is a consequence of not wanting to take responsibility for your own actions. Someone else is to blame... sure it is Someone else's fault that you bought shares that are falling. This is a fantastic paragrah @Pete2019
Conspiracy theories and persecutory delusions??? You need to do more research. All the information is public and there for you to see...
Report REP 732 Pump and dump of micro-cap securities - ASIC Disrupting pump and dump activity on social media - ASIC Guilty plea to market manipulation following ASIC ... ASIC claims first scalp with "pump and dump" trader pleading ... Vulcan Energy sues short-seller J Capital J Capital takes aim at Lake Resources over lithium claims SEC Charges Weiss Asset Management with Short Selling . SEC Sanctions 19 Firms and Individual Trader for Short . SEC Fines for Short Selling Violations - Solutions Atlantic U.S. SEC fines Koppers Holdings for making misleading ...
Once again, I could go on and on here........
Do you think it is just ' A FAIR AND ORDERELY MARKET FREE OF MANIPULATION?'
I believe these fines, law suites and investigations beg to differ!
Do you understand why they drop the price? The fear, inuendo and manipulative forces are in place, to psych you out. To frustrate you out of your shares so YOU make the loss, not them. And the gift that keeps giving..Goldman..
Goldman Sachs pushes questionable narrative concerning lithium prices; industry experts reject the assessment.
FACT- GS, Currently under investigation for ESG products, and releasing inaccurate reports which crashed the lithium sector worldwide. These were in direct conflict with industry experts, including Benchmark Minerals......And while the share prices of lithium explorers and producers was depressed, they doubled their holdings..... They are not the only ones. They started it but brought most of the institutions, namely CS, along for the ride. They had missed the boat with lithium, and did not count on the ground swell from governments worldwide, pushing the EV/ carbon neutral mandates, particularly the legislation that has been accelerated and brought forward and, the sharp rises in SP's, driven by the humble mum and dad retail holder.
They don't want your shares when the price goes up. Thats for the FOMO amateur retail baggies...not these experts... So they try every trick in the book to get them cheaper. Lie, cheat, steal....BS reports, coordinated shorting, social media campaigns, algorithms and next gen AI machines.....everything, to get in cheap. FACT- They are plugged into the exchanges and basically know everything about your portfolio. Even where your stop losses are set. So they set their algorithms to buy 1 , 2, 3 shares at a time, again and again...just enough to tip the SP down. Day in day out, pip by pip....until you are so frustrated, you sell, or if it goes far enough, it triggers a stop loss avalanche. Who has the cheap shares? Who did the research and had the foresight and BALLS to invest early? WE DID! AND THEY WANT THEM....
Now, what I think you are alluding to, is that I blame this manipulation, for 'not making money', or 'not picking a good stock'. And as I said earlier, this is where I think you have missed the point of this post. It is NOT about that at all.I am NOT looking for someone to blame...
I was merely pointing out my view on the ever increasing manipulative forces in the market, that have left them FAR from fair and orderly. It is an uneven playing field, tilted in favour of the big boys. And if you fail to recognise this and accept it, then it is you that should'nt be in the stock market.
5. If you buy a loss making company, then if they do not at some point turn a reasonable profit relative to its market cap that it can be reasonably expected that the share price will decline. In this case you would have speculated on a bright/profitable future, but got it wrong. As an example: MP1 has been lossmaking for years. Does this make it a good investment? The answer is emphatically "No". Could ut trade higher tomorrow? Yes, but it may be more likely to go lower(my view). No reason to own it. It doesn't show any clear path to reasonable profitability.
Wasn't PLS a loss making company? As recently as 2021?? It now makes BIG profit yet the SP has declined and with it it the MC has shrunk Recently, From 5.66 to an intraday low of 3.73.
And during the time of the BS GS report, a 52 week low 0f 1.97
A low that was caused in part, by MANIPULAIVE FORCES. Forces which I am at least trying to do something about. Disruptive Forces which I accept exist, are illegal, and do contribute to MC decline.
Of course I accept true market forces of supply and demand, should drive price.
But there is other forces out there that just don't belong in fair and orderley market, free of manipulation. How does this relate to PLS? Well, being a major lithium producer with high retail ownership is a start. THAT MAKES IT A TARGET FOR THESE FORCES!!! If you can, hold..... These co-ordinated, manipulative short attacks which undermine the basic principles of the market, just do not belong. Its not the act shorting per se, its the co-ordination with groups, social media and fake news, for a predetrmined outcome. That is what I oppose. Jumping on ANY negative sentiment to reach their goal, to sway the market...
Now, I don't know how long you have held PLS, but if you were around before 2021, and saw the forest from the trees, you stuck around for a reason. You saw that there was a big possibilities in the not too distant future.... That future is now.....
I have sent that email to J.Chalmers, J.Longo, a current affair, AFR and the ceo of the Australian shareholders association. Will I get a response....probably not. Or if I do, it will probably be a generic email. I dont expect alone I will institute change. But if we ALL do it......
Good luck and Merry Christmas everyone.....
PLS Price at posting:
$3.80 Sentiment: Buy Disclosure: Held
(20min delay)