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
$2.99 |
Change
0.040(1.36%) |
Mkt cap ! $9.003B |
Open | High | Low | Value | Volume |
$2.88 | $3.02 | $2.86 | $70.15M | 23.88M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8500 | $2.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.00 | 315120 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8500 | 2.980 |
2 | 52000 | 2.970 |
3 | 109361 | 2.960 |
7 | 538225 | 2.950 |
1 | 107636 | 2.940 |
Price($) | Vol. | No. |
---|---|---|
3.000 | 315120 | 8 |
3.010 | 341588 | 6 |
3.020 | 641460 | 14 |
3.030 | 117365 | 11 |
3.040 | 84694 | 20 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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