I have been an investor is PLS since 2017 and in early
2020, at the age of 79, I held onto my shares and began substantially
adding throughout the remainder of 2020 and into 2021.
About 2 months ago I and I'm sure other LT holders here began
seeing dark clouds forming over the horizon particularly related to
economic conditions in China. I was already concerned about the
growing short position but began to see what might be justifying it.
So, I began selling down a portion of my position in the company.
The most profound comment at the recent quarterly presentation
was made by I believe the CFO who stated that the large short position was
due to the lack of alternative ways to short the price of lithium.
I have to admit that the simple, pure legitimacy of that statement blew
me away.
Combining that statement with the fact that everything Dale said was
right on and properly conservative, I am now in a focused watch situation.
My focus is soley the price of lithium. When I see it at least become stable
I will add back some of what I have sold. Not advice, just the honest thinking
of an old man.
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Last
$3.11 |
Change
-0.090(2.81%) |
Mkt cap ! $9.360B |
Open | High | Low | Value | Volume |
$3.15 | $3.17 | $3.06 | $206.5M | 66.15M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 212414 | $3.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.12 | 1870994 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 285 | 3.110 |
4 | 27505 | 3.100 |
1 | 164 | 3.090 |
17 | 142692 | 3.080 |
33 | 181439 | 3.070 |
Price($) | Vol. | No. |
---|---|---|
3.120 | 26906 | 7 |
3.130 | 48096 | 5 |
3.140 | 95050 | 7 |
3.150 | 34167 | 6 |
3.160 | 105230 | 4 |
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