PLS 2.33% $2.94 pilbara minerals limited

Good News & Bad News, page-10577

  1. 446 Posts.
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    'So I am at a loss to explain this fall, it should have moved in the opposite direction.'

    It's pretty bloody simple; buy on rumour, sell on fact.
    It was public that the BMX auction was on 24/5.
    The previous week the share price had been down to $2.38, and then bounced nicely to yesterday's pre-BMX high of $2.93, at least in part in anticipation of another successful BMX auction.
    Not rocket science, just Trading 101.
 
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