PLS 3.86% $2.74 pilbara minerals limited

why is this stock going down, page-75

  1. 194 Posts.
    lightbulb Created with Sketch. 174
    Because that is how it works these days.
    "Shorting" got a bad name when "naked" short selling was allowed. This was selling shares that didn't exist and then buying back later to cancel the sale of the shares that didn't exist.
    Now that is no longer allowed(think since 2009) and the term shorting is applied to what is in effect market making( an additional sell and buy transaction occurs).
    To put it in a different way than A - B + B - A = 0, maybe this makes more sense:
    1 - 1 + 1 - 1 = 0
    It is obvious that despite the attempts of a few here trying to explain the process, that it is easier to believe all the conspiracy theories and shout: "shorters"!!!
    As if that explains the share prise rising and falling.
    Albemarle's share price is down more than 50% from its high in the past year. So also is SQM down more than 50%.
    PLS is down "only" 28% (5.50 down to 3.96).
    According to the latest from Fastmarkets the spodumene price is down to US$2250. That must obviously be the work from shorters also or perhaps even be lies.
    If people paid more attention, then in the broader market would have realised that there were reports in the US in July and August of substantially more EV stock available. In July it was reported: "Dealers for established automakers such as General Motors (GM.N), Ford (F.N), Hyundai (005380.KS) and Toyota (7203.T) have more than 90 days' worth of unsold EVs at their stores at current sales rates, according to a report from Cox Automotive."
    China's economy blowing up because of problems in the property sector. China phasing out most of EV subsidies that drove the crazy lithium demand to the end of 2022. High interest rates, etc., etc. Too many things to add up and subtract to explain why the PLS share price is falling or maybe not falling as much as others.
    Maybe that is why 1- 1 + 1 - 1 = 0 doesn't make much sense.
    The world is not perfect.
    For everyone here I hope it works out ok in the end if you bought at a higher price. Nothing worse than joining a party late.
    I've realised I don't understand what goes on in the lithium market and sold just about all my lithium stocks. Maybe time for a break.

 
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Last
$2.74
Change
-0.110(3.86%)
Mkt cap ! $8.249B
Open High Low Value Volume
$2.80 $2.80 $2.66 $184.4M 67.82M

Buyers (Bids)

No. Vol. Price($)
3 238827 $2.72
 

Sellers (Offers)

Price($) Vol. No.
$2.74 274109 7
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