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
$2.96 |
Change
-0.040(1.33%) |
Mkt cap ! $8.908B |
Open | High | Low | Value | Volume |
$3.01 | $3.02 | $2.93 | $37.13M | 12.56M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 13935 | $2.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.96 | 360494 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 13935 | 2.950 |
33 | 222530 | 2.940 |
68 | 794959 | 2.930 |
52 | 576028 | 2.920 |
50 | 317181 | 2.910 |
Price($) | Vol. | No. |
---|---|---|
2.960 | 148421 | 7 |
2.970 | 434909 | 13 |
2.980 | 236131 | 10 |
2.990 | 73443 | 6 |
3.000 | 108112 | 17 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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