I have the feeling there’s a few posting today trying to defend their strategy of late last week to talk the SP down as they were counting on a poor Friday night and have sold a portion or all of their holdings thinking they would get a cheaper entry point on Monday. Oversold overbought a superlative couple of months deserves a pullback but very little in a list of poor fundamentals or other negatives.
If the SP is going to drop back to $3.70 - $4.30 range maybe management should just bank the net profits for the next couple of years and slam dunk 90% of the MC on the table in cash and buy back just about every share there is. $3.70 if global markets crash another 25% is about the only way.
Brokers call PLS as oversold, page-24
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Last
$2.95 |
Change
-0.030(1.01%) |
Mkt cap ! $9.049B | |||
| Open | High | Low | Value | Volume |
| $2.94 | $3.02 | $2.91 | $42.42M | 14.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 216182 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 111542 | 17 |
View Market Depth
| Last trade - 15.58pm 11/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |