stop-loss positions are one of the reasons why the share price drops so hard.
If you know what you’re doing and have enough capital then hunting stop losses is a great way to get some shares cheaply… bit hard to do on such a big stock unless you have really deep pockets but given the percentage of PLS that’s been hypothecated and shorted I’d say it’s a very real part of the strategy. When you place a stop-loss position you effectively create a dark or off-screen sell order, it’s a perfect way to allow someone smarter and wealthier than you to take your shares..
the only real way to set a stop-loss is to buy a put option or warrant. All this talk of manipulation is pretty much akin to not knowing how to hold a cricket bat or where to stand in your crease to then complain about getting bowled all the time… setting a stop loss EQUALS setting up your shares to go cheap. There would be plenty of Margin Loan stock from punters invested in PLS with a stop loss in place… dark sell order plus magnified position….. easy hunting
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Last
$2.67 |
Change
0.310(13.1%) |
Mkt cap ! $8.040B |
Open | High | Low | Value | Volume |
$2.55 | $2.77 | $2.53 | $172.5M | 64.79M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 295865 | $2.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.67 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 295865 | 2.660 |
11 | 285796 | 2.650 |
7 | 195605 | 2.640 |
1 | 5000 | 2.630 |
5 | 167434 | 2.620 |
Price($) | Vol. | No. |
---|---|---|
2.670 | 2000 | 1 |
2.680 | 348102 | 3 |
2.690 | 2112 | 3 |
2.700 | 202804 | 12 |
2.710 | 64522 | 10 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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PLS (ASX) Chart |