PLS 0.25% $4.06 pilbara minerals limited

My view on shortsellers is that firstly to make money they need...

  1. 2,636 Posts.
    lightbulb Created with Sketch. 273
    My view on shortsellers is that firstly to make money they need to find a stock that has a lot of retail investors so that they can create a doom, gloom and boom narrative on various platforms, such as Hot Copper etc. Once identifying such a stock they borrow from hedge and institutional funds, sell the stock, create the narrative and then close their positions. Once their positions are closed they create a narrative of boom, suck in retail investors and then repeat the process. I don't believe short sellers are the mum and dad retail investors but are more likely entities connected to hedge funds, future exchanges, brokers and anyone else who can create a narrative for the retail investor to believe.

    My opinion on PLS is that it is way undervalued and I feel it should be closer to the $15 per share mark than where it is, so every time the shortsellers cause a drop I buy and hold. I'm looking at holding for at least 5 years so no short seller is closing their position with my shares. I do however hope that one day the shortsellers create a massive boom narrative and I'm quick enough to sell and take my profits. smile.png
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$4.06
Change
-0.010(0.25%)
Mkt cap ! $12.21B
Open High Low Value Volume
$4.06 $4.07 $3.96 $64.36M 15.96M

Buyers (Bids)

No. Vol. Price($)
2 1404 $4.05
 

Sellers (Offers)

Price($) Vol. No.
$4.06 3400 1
View Market Depth
Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
Last
$4.05
  Change
-0.010 ( 0.64 %)
Open High Low Volume
$4.05 $4.07 $3.96 4355959
Last updated 15.59pm 02/05/2024 ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.