Today's price action just proves what I've been saying for quite a while about being long battery metal stocks is a very crowded trade. It often pays to be a contrarian when every man and his dog is on one side of the trade.
If it goes down 10+% on a research report saying that battery metals are in for a "sharp correction", imagine where the share price will be if this "sharp correction" actually occurs? A 10+% down day would only be the beginning.
Good News & Bad News, page-10821
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Last
$2.76 |
Change
0.090(3.37%) |
Mkt cap ! $8.311B | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.81 | $2.69 | $51.92M | 18.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 69316 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 196948 | 3 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |