From December to May the share price more than tripled from 25c to 80c without decline. I have always adopted a policy to sell after a 10-15% rise.
PLS is the exemption. The "Lithium Mine" which will replace the "A Gold Mine" expression.
One buy, one sell in 5 years for $5.00.
I think one of the main reasons PLS managed to achieve continuous growth during this 4-5 month period is because the majority of old blood and new blood alike envisioned the SP during production in 2018 at a risk new blood were willing to accept.
That all changed after the decline in May. After the Introduction to ASX300 daily volume exponentially increased, increasing the variability of traders, and traders attempting to predict trends. Trends are now being analysed on a much larger scale. Most recently major announcements have seen sudden increases, followed by lingering declines. I think these trends will continue until PLS is widely seen by ALL as a "sure thing" again including the likes of macquarie.
When this confidence returns I predict a similar tripling of the SP followed by a systemic grab for cash.
Let the announcements flow
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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 |