yes correct
the thing that most retail don’t understand is that the shorts are in fact a necessary evil or should I say parasite.
the market is simply a mechanism for redistributing wealth. In order for PLS and other stocks for that matter to rise to all time highs, the wealth needs to come from somewhere.
shorts got real lucky in 2018. Can they get lucky twice, I highly doubt it. They are preying that there was enough of a pump to flatten out retail holders. Time will tell.
if and I do say if, the shorts are wrong, I suspect it will be horribly wrong. This wealth distribution will transfer to longs and push the stock to all time highs.
good luck all… no more bets…
not advice
Good News & Bad News, page-21422
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Last
$3.02 |
Change
0.040(1.34%) |
Mkt cap ! $9.092B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $3.03 | $2.93 | $51.27M | 17.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 8812 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.02 | 3200 | 1 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |