Bot sale party on for PLS today and yesterday. If you borrowed PLS shares for shorting last week and sold them when the SP was $4.99, you could have bought back today for $4.75 and picked up 24 cents per share for your 3 day effort, well worthwhile if you are in with deep pockets. Massive number of small value transactions suggest shorters are trying to influence the share price. PLS is strong enough to weather these nuisances and will recover quickly, but shorters will start the cycle again. Shorting lender picks up lending fee (say 1.6%) then the share price quickly resumes previous highs. Win, win for shorting provider. The real risk here is the 56% private ownership of PLS shares. Small holders with a stop loss in place can lose their shares automatically if their stop-loss is breached.
- Forums
- ASX - By Stock
- PLS
- Final divi FY23
Final divi FY23, page-112
-
- There are more pages in this discussion • 116 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B |
Open | High | Low | Value | Volume |
$2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 314863 | $2.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.91 | 20820 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11001 | 2.860 |
3 | 63402 | 2.840 |
2 | 10003 | 2.830 |
2 | 11060 | 2.820 |
4 | 53088 | 2.810 |
Price($) | Vol. | No. |
---|---|---|
2.910 | 20000 | 1 |
2.920 | 94952 | 9 |
2.930 | 106414 | 14 |
2.940 | 173277 | 18 |
2.950 | 265756 | 21 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online