Good News & Bad News, page-33254

I will average down at $4.20

Then if it drops to $3.75 - i average down

Then if it drops to $3.54 - average down again

But this time the drop in sp is very controlled
It feels like there are alot more resistance at every price level.

It does not feel like the past when PLS dropped 8% in one day.

Unfortunately - pls will drop again today as US Li drop last night.

i think until jhina economy turns the corner and show solid sign of recovery - there will be strong pressure down on sp.
SP will get the odd bounce like yesterday.

Also, the US still to announce if the Fed will increase rate or not - that will affect mining stocks.

No sure if it will drop like the previous two dip, cause i think alot of instos are holding pls and now wanting the sp to increase.