I have been an investor is PLS since 2017 and in early
2020, at the age of 79, I held onto my shares and began substantially
adding throughout the remainder of 2020 and into 2021.
About 2 months ago I and I'm sure other LT holders here began
seeing dark clouds forming over the horizon particularly related to
economic conditions in China. I was already concerned about the
growing short position but began to see what might be justifying it.
So, I began selling down a portion of my position in the company.
The most profound comment at the recent quarterly presentation
was made by I believe the CFO who stated that the large short position was
due to the lack of alternative ways to short the price of lithium.
I have to admit that the simple, pure legitimacy of that statement blew
me away.
Combining that statement with the fact that everything Dale said was
right on and properly conservative, I am now in a focused watch situation.
My focus is soley the price of lithium. When I see it at least become stable
I will add back some of what I have sold. Not advice, just the honest thinking
of an old man.
- Forums
- ASX - By Stock
- PLS
- Good News & Bad News
Good News & Bad News, page-34998
-
-
- There are more pages in this discussion • 9,702 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.93 |
Change
0.140(5.02%) |
Mkt cap ! $8.819B |
Open | High | Low | Value | Volume |
$2.82 | $2.93 | $2.77 | $65.23M | 22.81M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3424 | $2.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.94 | 170199 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3424 | 2.920 |
3 | 63131 | 2.890 |
5 | 452974 | 2.880 |
5 | 143010 | 2.870 |
4 | 99050 | 2.860 |
Price($) | Vol. | No. |
---|---|---|
2.940 | 170199 | 9 |
2.950 | 55937 | 9 |
2.960 | 5000 | 1 |
2.970 | 90000 | 4 |
2.980 | 194022 | 10 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online