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.
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Last
$3.01 |
Change
0.050(1.69%) |
Mkt cap ! $9.060B |
Open | High | Low | Value | Volume |
$3.03 | $3.04 | $2.96 | $47.61M | 15.86M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 168080 | $3.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.01 | 137639 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7800 | 3.160 |
2 | 115000 | 3.150 |
2 | 42 | 3.100 |
1 | 2979 | 3.090 |
1 | 680 | 3.060 |
Price($) | Vol. | No. |
---|---|---|
2.770 | 14 | 1 |
2.840 | 4000 | 1 |
2.860 | 2565 | 2 |
2.870 | 17910 | 1 |
2.920 | 34196 | 10 |
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