Agreed. I personally would prefer a 6% day than a 12% day.
1. Beacuse I still want more and didn't have cash today,
2. More importantly, smaller rises are more sustainable. Time and time again you will see a 12% gain with half of it given up the next day because it jumped too hard. Slow and steady rises will result in a smoother ride.
3. Following from point two. The less volatility we generate the less chance of getting DT swinging this all over the place. Also the less volatility and the more conviction in holders the less fire power any potential shorter has to drive down price and then cover.
You have been following PLS for a while now Hoots. Any eye to buying in depending on personal TA signals being met or just interested because PLS is an active forum?
Do we Snapback on our Algo Short today ?, page-43
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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
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |