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Pokerface

7,296 Posts.

2665

08/10/17

20:32

Post #: 27746955
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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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Hartleys said last week it was a buy with an initial target of 81c. In any event, I suspect this is being hoovered by very large offshore Institutions. Ever since the Great Wall deal, the way this stock is viewed has changed.

The interview from Kohler reinforced and wonderfully summarised why PLS is in a very special situation. Just my view.

Those shorting would be rather brave.

PLS Price at posting: 78.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.96		Change -0.055(1.83%)		Mkt cap ! $8.924B

Open	High	Low	Value	Volume
$2.93	$3.01	$2.89	$47.31M	16.05M

Buyers (Bids)

No.	Vol.	Price($)
41	295351	$2.95

Sellers (Offers)

Price($)	Vol.	No.
$2.96	150668	51

View Market Depth

No.	Vol.	Price($)
26	50810	2.960
43	342648	2.950
22	267365	2.940
24	367292	2.930
25	198851	2.920

Price($)	Vol.	No.
2.970	233547	87
2.980	250795	40
2.990	125089	14
3.000	458524	30
3.010	127376	16

Last trade - 14.59pm 10/07/2024 (20 minute delay)

PLS (ASX) Chart

ASX200, page-91

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ASX200, page-91

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