PLS 5.83% $3.07 pilbara minerals limited

Explanation Needed, page-21

  1. 3,279 Posts.
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    Market is run by greed and panic.


    Currently world markets are in panic mode and once it starts there is no stopping it.

    The reason why the rich get richer and the dills get poorer is simple.

    The rich have paid extra for prices on what ever stock they have so in our case they

    would have lithium prices as they go up or down and then tend to sell or buy from there.


    When the lithium price fell by 13% they would be the first to sell all lithium stocks

    while us mugs don't see this data until days to late and hope that it doesn't fall away by

    quite a bit which it often does. Some of us learn while the majority doesn't.


    The rich get out, wait till it falls away then levels out and then they buy back a bit then wait

    for good news then when they get it days before the rest of us they buy in bulk.


    Stock is down at 58.5c as I type this out.

    Its likely to finish around the 57.5c to 58.5c by days end.


    Would be nice if who ever has direct access to the data of price rises or drops in lithium if it could be posted as a new thread.

 
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