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Wayward1

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08/10/17

19:59

Post #: 27746625
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Originally posted by setfire2thehive ↑

I have to respectfully agree and I'm a holder of PLS and have been since 39c.
Whilst I have no doubt that the stock will trend upwards strongly towards year end and next year, I can't see this run being sustainable.

I'm actually expecting a re-trace to around 55-60c maybe mid/early nov. I'll take this moment to highlight that this doesn't mean I think the stock is worth that little. Most of the people buying currently are buying on the good upwards trend. As soon as there's a hint that this has topped, people will jump off. "WHY WHY!!" all the long termers on HC scream!. Well some people aren't looking to make 10 times their money over 2-5years. Some whom play the swings can turn over double that in the same period. Some opt to buy on the back off bullish runs and jump off for a 10-20% profit. They're not bad strategies, or wrong. Just different. There's a lot more people trading in this manner than the commentary on HC would lead you to believe.

That said, most of the people commenting and rejoicing in the current trend with sentiments of "buy" aren't actually buying at these highs. In-fact, I've stopped taking notice of sentiments full stop. You own the stock, you want it to go up, ergo sentiment is buy. (Are you actually buying, when was the last time you bought) honest questions with dishonest answers. Reality is most have already invested what they feel comfortable with. They're happy with it long term and will hold long term. That's great, just don't be too overzealous. We get it, stock is doing well. You think it will go up. Hence you're still holding... it's not a puzzle.

For me personally, I'm going to be jumping out of PLS in the next couple days and wait for the retrace.

I'll be the first person to admit I got it wrong, and will have no issue having to re-buy into PLS later at an even higher price should that situation arise. This isn't me downplaying the stock, because reality is, my comments here won't effect the SP a poofteenth. I'm just being open and honest about my strategy here and holding a realistic sentiment of the stock.

SF2TH

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Hi, I haven't said it would retrace. I was asked what I would do if I was trading it, which is what I replied to. The volume is a concern, and my structure target was reached. That means MY management would be tightened around here. It does NOT mean that PLS is a sell. It does NOT mean PLS will retrace. My comment was only to the person that asked the question. But I'm impressed at how people were able to take my words and run to so many different conclusions.

PLS Price at posting: 78.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last $2.36		Change -0.050(2.07%)		Mkt cap ! $7.106B

Open	High	Low	Value	Volume
$2.44	$2.45	$2.31	$66.76M	28.28M

Buyers (Bids)

No.	Vol.	Price($)
1	22020	$2.35

Sellers (Offers)

Price($)	Vol.	No.
$2.36	189205	5

View Market Depth

No.	Vol.	Price($)
1	22020	2.350
2	94512	2.340
4	46896	2.330
19	616320	2.320
18	236718	2.310

Price($)	Vol.	No.
2.360	77332	4
2.370	409351	5
2.380	80271	9
2.390	81300	6
2.400	136542	19

Last trade - 16.10pm 10/09/2024 (20 minute delay)

PLS (ASX) Chart

ASX200, page-86

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ASX200, page-86

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