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.
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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. |
---|---|---|
$4.06 | 3400 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1404 | 4.050 |
2 | 1745 | 4.040 |
6 | 108785 | 4.030 |
4 | 109469 | 4.020 |
4 | 174662 | 4.010 |
Price($) | Vol. | No. |
---|---|---|
4.060 | 3400 | 1 |
4.070 | 146947 | 13 |
4.080 | 57767 | 16 |
4.090 | 14600 | 8 |
4.100 | 503548 | 28 |
Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$4.05 |
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Change
-0.010 ( 0.64 %) |
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Open | High | Low | Volume | ||
$4.05 | $4.07 | $3.96 | 4355959 | ||
Last updated 15.59pm 02/05/2024 ? |
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RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
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