Too much panic for no reason and what's simple profit taking. Here's a scenario to illustrate the point. Let's assume I'm in the market for a VW Golf for $25K. I happen to buy 100,000 PLS shares at 47c and then it skyrockets to 74c two weeks later. I sell out and pocket $27K (yes, granted there are tax implications) and essentially buy a new car for 2 weeks work. Point is investors have varying motivations and agendas. For this type of investor, PLS has bought him/her a new car and they're smiling regardless of whether us long terms believe this is a $1,2 or $3 stock. Profit taking is inevitable and should be not be seen as something fundamentally wrong with the stock.
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Last
$3.06 |
Change
0.040(1.32%) |
Mkt cap ! $9.210B |
Open | High | Low | Value | Volume |
$3.04 | $3.12 | $3.02 | $47.88M | 15.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 321604 | $3.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.07 | 269930 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 98240 | 3.060 |
13 | 82683 | 3.050 |
13 | 75513 | 3.040 |
10 | 29960 | 3.030 |
20 | 88646 | 3.020 |
Price($) | Vol. | No. |
---|---|---|
3.070 | 400 | 1 |
3.080 | 7280 | 2 |
3.090 | 11600 | 2 |
3.100 | 66993 | 13 |
3.110 | 237299 | 9 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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PLS (ASX) Chart |